کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5075543 1373920 2009 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The practice of estimating the term structure of discount rates
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
The practice of estimating the term structure of discount rates
چکیده انگلیسی

It is extremely difficult, in practice, to precisely estimate the term structure of discount rates for capital budgeting purposes. In this paper I argue that, with only minor adjustments to current standard practice, a corporate treasurer can determine a multi-period cost of capital that is both theoretically robust and likely to be sufficiently accurate for most practical purposes. For this to be the case, corporations should have a preference for using real, rather than nominal, discounted cash flow techniques.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Global Finance Journal - Volume 19, Issue 3, 2009, Pages 219-234
نویسندگان
,