Cost-benefit Analysis and the Controversial Reinvestment Assumption in IRR and NPV Estimates: Some New Evidence Against Reinvestment Assumption
Author:
Affiliation:
1. Queensland Government; Brisbane QLD Australia
2. Macquaire Bank; Sydney NSW Australia
Publisher
Wiley
Subject
General Economics, Econometrics and Finance
Link
http://onlinelibrary.wiley.com/wol1/doi/10.1111/1759-3441.12179/fullpdf
Reference26 articles.
1. Arjunan , K.C. 2017 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 https://ssrn.com/abstract=2899648
2. Discounted Cash Flow Reinvestment Rate Assumptions;Beidleman;The Engineering Economist,1984
3. Clarification of the Reinvestment Assumption in Capital Analysis Carlson;Carlson;Journal of Business Research,1974
4. Cheremushkin , S.V. 2012 There is No Hidden Reinvestment Assumption in Discounting Formula and IRR: Logical and Mathematical Arguments
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