An attempt to define the discount rate in the light of the type of investment project

The problem of estimating the discount rate level is a crucial issue in investment project appraisal procedure. The discount rate is strongly determined by the type of investment that sets the scope of decision criteria. The need to apply financial efficiency, economic efficiency or justice criterion impose the frames for theoretically correct measure of the discount rate.

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Year of publication:	2010
Authors:	Foltyn-Zarychta, Monika
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	discount rate \| investment appraisal

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; G31 - Capital Budgeting; Investment Policy ; H43 - Project Evaluation; Social Discount Rate
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011108327