Illés, Mária - In: Theory Methodology Practice (TMP) 10 (2014), pp. 21-32
consideration. Fisher’s rate only means useful information in practice if the ranking is made based on the net present value …. However, this principle of ranking is in contradiction with the concept of long-term profit maximization. The transformed net … present value, which is free of distorting effects (and assuming equal required rates of return,) gives the same ranking list …