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Links Between Net Present Value and Shareholder Value from a Business Economics Perspective

Illés, Mária - In: Theory Methodology Practice (TMP) 8 (2012), pp. 31-36

, only in exceptional cases does the ranking based on the net present value lead to the maximization of the shareholder value. …

Persistent link: https://www.econbiz.de/10010701205

Fisher's Rate and Aggregate Capital Needs in Investment Decisions

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 …

Persistent link: https://www.econbiz.de/10010801157

Links between net present value and shareholder value from a business economics perspective

Illés, Mária - In: Theory, methodology, practice 8 (2012) 2, pp. 31-36

Persistent link: https://www.econbiz.de/10010411380

Value of branded education

Krabec, Tomas; Čižinská, Romana - In: Financial Internet Quarterly 16 (2020) 4, pp. 42-46

The objective of the paper is to examine value creation in private higher education. The results of the research are to be applied in reasonable structuring of study programs and courses and for creating profitable business and marketing strategies for private universities. From a student...

Persistent link: https://www.econbiz.de/10013466249

The renewable energy sources as a lever of sustainable development

Tsiouni, Maria; Petkou, Dafni; Pavloudi, Alexandra - In: International Journal of Business and Economic Sciences … 16 (2023) 2, pp. 53-58

Purpose: The aim of this paper is to examine investors' economic and social profiles in renewable energy sources with the help of widely used investment rating indicators, such as Net Present Value, Internal Grade of Performance and Profitability Index. Design/methodology/approach: The study...

Persistent link: https://www.econbiz.de/10014512624

Firm Value and the mis-use of the CAPM for valuation and decision making

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2005

This paper shows that a decision maker using the CAPM for valuing firms and making decisions may contradict Modigliani and Miller’s Proposition I, if he adopts the widely-accepted disequilibrium NPV. As a consequence, CAPM-minded agents employing this NPV are open to arbitrage losses and miss...

Persistent link: https://www.econbiz.de/10004980381

Residual income and value creation: An investigation into the lost-capital paradigm

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2007

This paper presents a new way of measuring residual income, originally introduced by Magni (2000a, 2000b, 2003). Contrary to the standard residual income, the capital charge is equal to the capital lost by investors. The lost capital may be viewed as (a) the foregone capital, (b) the capital...

Persistent link: https://www.econbiz.de/10011111180

Investment decisions, NPV and bounded rationality

Magni, Carlo Alberto - MASTER CONSULTORES - 2010

The Net Present Value maximizing model has a respectable ancestry and is considered by most scholars a theoretically sound decision model. In real-life applications, decision makers use the NPV rule, but apply a subjectively determined hurdle rate, as opposed to the allegedly correct opportunity...

Persistent link: https://www.econbiz.de/10010763079

Technological Migration: The Case of Thai Digital Terrestrial Television

Hoonsawat, Ratidanai - In: Applied Economics Journal 20 (2013) 2, pp. 1-22

This study analyses the business strategies of entrepreneurs during a technological transition. The particular technological transition is the switch from analogue to digital TV in Thailand. The estimated net present values of the broadcasting operators’ net profit over a 15-year license...

Persistent link: https://www.econbiz.de/10010860216

¿Coinciden EVA(R) y Utilidad Economica (UE) con los metodos de Flujo de Caja Descontado en valoracion de empresas?

Pareja, Ignacio Vélez; Tham, Joseph - MASTER CONSULTORES - 2003

En Vélez-Pareja y Tham (2001), presentamos diferentes maneras de valorar los flujos de caja. Primero se utilizó el costo promedio ponderado de capital (CPPC) (Weighted Average Cost of Capital, WACC) para descontar el flujo de caja libre (FCL). Segundo, se descontó el FCL con el WACC ajustado....

Persistent link: https://www.econbiz.de/10011031625