EVALUATION OF INVESTMENT EFFICIENCY WITH THE USE OF RISK-FREE EQUIVALENTS OF CASH FLOWS |
| 5 | |
| 2011 |
| scientific article | 336.763 | ||
| 227-232 | investment appraisal, business appraisal, capital efficiency, cash flow risk, uncertain cash flows |
| We have developed a procedure to determine risk-free equivalents of cash flows from investments using Capital Asset Pricing Model based on the shares market statistics. It allows real investment projects to be evaluated taking into account the risk of cash flows. |
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