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Title of Article

DISCOUNT RATE CALCULATION PROBLEMS WHEN MAKING INVESTMENT DECISIONS IN CRISIS ECONOMIC CONDITIONS


Issue
4
Date
2009

Article type
scientific article
UDC
336.6
Pages
229-231
Keywords
discount rate, discounting, evaluation of investment project efficiency


Authors
Ageev A.A.
Nizhegorodskiy gosuniversitet im. N.I. Lobachevskogo


Abstract
When evaluating investment projects, every company that plans some investment activity faces the need to calculate discount rate. Contemporary economists differentiate between three main discount calculations methods: using the CAPM model, cumulative method and WACC method. Each of these methods has its own advantages and disadvantages. Thus, the problems of double accounting of economic risks and lack of benchmarks for risk-free rate are of special relevance.

File (in Russian)