On the Meaning of Internal Rates of Return and Why an Internal Rate of Return is Not an Investment Criterion

All conceivable solutions to the internal rate of return equation are shown to have meaning as well as use. Internal rates of return are the units in which value is measured and the quantities of such units. This result implies a single internal rate of return cannot be an investment criterion. Moreover, a rate of return should not be considered in isolation; a rate is fully meaningful only when considered alongside its unorthodox partners

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Year of publication:	2011
Authors:	Osborne, Michael
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Kapitaleinkommen \| Capital income \| Betriebliche Investitionstheorie \| Corporate investment theory \| Welt \| World

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Extent:	1 Online-Ressource (35 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 5, 2010 erstellt
Other identifiers:	10.2139/ssrn.1634819 [DOI]
Classification:	C6 - Mathematical Methods and Programming ; E22 - Capital; Investment (including Inventories); Capacity ; E4 - Money and Interest Rates ; G0 - Financial Economics. General ; G1 - General Financial Markets ; G24 - Investment Banking; Venture Capital; Brokerage ; G3 - Corporate Finance and Governance ; G31 - Capital Budgeting; Investment Policy ; O16 - Financial Markets; Saving and Capital Investment ; O22 - Project Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013133342