The complexity of credit-money is conceived as the central issue in the banking-macro nexus, which the authors consider as a structural as well as process component of the evolving economy. This nexus is significant for the stability as well as the fragility of the economic system, because it...

This article considers approaches, prevalent in the world, to appraisal of large-scale investment projects aimed at construction of transport systems. The approaches are classed as microeco-nomic evaluation, multi-criteria evaluation, and macroeconomic evaluation. Problems of appli-cability of...

Method discounting cash flow (DCF) is analyzed in the article. Article is demonstrating complete economic insolvency DCF. The fallacy of discounting method causes serious distortion of the results. It’s wide usage entails negative consequences not only for the concrete investor, but also for...

Methodologically, the recommended investment project (IP) selection system is distinguished from one in force by: new conception allowing for time factor; evaluating IP efficiency by eventual reproduction results, not by intermediate investment activity results (included is a generalized...

This paper develops a model to study corporate investment decisions using the principal-agent framework. The model has asymmetric information where the agent knows the true value of the company and the principal does not. The model also has uncertainty where the company is presented an...

Axiomatic derivations of the rate of return and its generalizations to nonexponential discounting and in the presence of inflation are given by elementary methods.

Tyrimo objektas – įmonės investicinių projektų ekonominio vertinimo metodika Tyrimo dalykas – įmonės vertinimo metodikos tobulinimas Darbo tikslas - išanalizuoti investicinių projektų ekonominio vertinimo metodus ir pateikti susistemintą, patobulintą projektų vertinimo metodiką....

Magistro baigiamojo darbo tema pasirinkta todėl, kad ji yra gana aktuali, tačiau mažai nagrinėjama Lietuvoje. ES parama Lietuvos verslui stipriai įtakoja įmonių produktyvumą bei turi didelę reikšme šalies ekonomikai. Deja, lėšų įsisavinimo eiga ir rezultatai nėra pakankamai...

The present paper analyzes the phenomenon of corruption in the context of a Public Works Department (PWD) in a developing country city and examines its tenacity in the face of anticorruption measures. Different behaviour patterns of the supervisor (official) of the PWD have been considered. The...

Techniques applied to determine the value of derivatives have been recently exported in the field of investment valuation. This paper aims to provide some light to the use of a new technique in the investment valuation literature, aiming to take into account the value of flexibility. This...