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Magni, 2002 - Google Patents

Investment decisions in the theory of finance: Some antinomies and inconsistencies

Magni, 2002

Document ID
12994241792828856905
Author
Magni C
Publication year
Publication venue
European Journal of Operational Research

External Links

Snippet

The net-present-value rule is a pillar of modern finance theory. As known, it is a capital budgeting rule. Finance theory prescribes the investor to compare the opportunity in hand with an asset of equivalent risk, ie to discount cash flows with a risk-adjusted rate of return …
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