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Author:Hellwig, K.
Title:Vermögenssichernde Wertpapierplanung
Journal:Zeitschrift für Betriebswirtschaft
1996 : VOL. 66:8, p. 979-987
Index terms:PORTFOLIO INVESTMENT
EQUILIBRIUM ANALYSIS
DISCOUNTED CASH FLOW
NET PRESENT VALUE
FINANCIAL THEORY
Language:ger
Abstract:The paper analyses the problem of value preservation for multiperiod portfolio problems where value is defined as the present value of cash flows discounted with opportunity costs. For a special type of such problems the existence of a solution is shown. The proof parallels the classical fixed point argumentation in equilibrium analysis. A number of extensions (such as value growth) and futher applications are presented.
SCIMA record nr: 149296
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