<span lang=\"\\"\\\\"\\\\\\\\"\\\\\\\\\\\\\\\\"EN-GB\\\\\\\\\\\\\\\\"\\\\\\\\"\\\\"\\"\">The dynamic of financial markets is determined by the </span><span lang=\"\\"\\\\"\\\\\\\\"\\\\\\\\\\\\\\\\"EN-GB\\\\\\\\\\\\\\\\"\\\\\\\\"\\\\"\\"\">corporate earnings prospects change but the capital investments also move as investors shift their tolerance to risk. In the finance theory, one of the most important observations is that investors expect higher return for taking higher risk...</span>

The purpose of this paper is to analyse the advantages of the adjusted present value – as a new method of valuing companies and projects - and compare them with the already famous net present value.

This theme presents a series of data concerning to the Romanian investments on the capital market.