The Controversial Reinvestment Assumption in IRR and NPV Estimates: New Evidence against Reinvestment Assumption
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Elsevier BV
Reference36 articles.
1. A New Method to Estimate NPV from the Capital Amortization Schedule and an Insight into Why NPV Is Not the Appropriate Criterion for Capital Investment Decision
2. The Rate of Interest, Fisher's Rate of Return over Costs and Keynes' Internal Rate of Return;Armen A Alchian;The American Economic Review,1955
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Cited by 5 articles. 订阅此论文施引文献 订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献
1. New Vistas in Cost-Benefit Analysis and Capital Budgeting to Perfect the IRR and NPV Estimates and to Resolve the Common Criticisms of Reinvestment and Multiple IRR;SSRN Electronic Journal;2018
2. Non-monotonic NPV Function Leads to Spurious NPVs and Multiple IRR Problems: A Critical Analysis to Resolve These Problems;SSRN Electronic Journal;2018
3. A Resolution to the Problem of Multiple IRR: A Modified Capital Amortization Schedule (MCAS) Method for Non-Normal Cash Flows (NNCF) to Obtain a Unique IRR;SSRN Electronic Journal;2017
4. MIRR Is a Spurious Criterion and Should Not Be Used in Cost-Benefit Analysis (CBA) and Investment Analysis;SSRN Electronic Journal;2017
5. A New Method to Estimate NPV from the Capital Amortization Schedule and an Insight into Why NPV Is Not the Appropriate Criterion for Capital Investment Decision;SSRN Electronic Journal;2017
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