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pro vyhledávání: '"Nicolas Hommel"'
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c46eb74b2f7e4a5a87201d6838521293
https://doi.org/10.2139/ssrn.4342397
https://doi.org/10.2139/ssrn.4342397
Publikováno v:
SSRN Electronic Journal.
To compute the value of a project, the baseline textbook recommendation is to use the Present Value (PV) formula of expected cash-flows, with a discount rate based on the CAPM. In this paper, we ask what is, empirically, the best discounting method.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a2aa521b9e380a09dc3f1c14c10d2ef2
https://doi.org/10.2139/ssrn.3827511
https://doi.org/10.2139/ssrn.3827511