haku: @author Fischer, E. O. / yhteensä: 13
viite: 7 / 13
Tekijä: | Fischer, E. O. |
Otsikko: | Die Bewertung riskanter Investitionen mit dem risikilosen Zinsfuss |
Lehti: | Zeitschrift für Betriebswirtschaft
1999 : ERGÄNZUNGSHEFT 1, p. 25-42 |
Asiasana: | PROJECTS VALUATION DISCOUNTED CASH FLOW INVESTMENT APPRAISAL |
Kieli: | ger |
Tiivistelmä: | For the valuation of projects with uncertain future cash flows the literature suggests to alternative methods: Dis- counting the expected cash flows with risk adjusted discount rates and discounting the certainty equivalents with the riskless interest rates. Based on Black's SDR-approach we present two new methods for the valuation of risky projects. Furthermore we show that these new methods need weaker theoretical assumptions and are easier to apply into prac- tice. |
SCIMA