Electronic Resource
Oxford, UK
:
Blackwell Publishing Ltd
Journal of business finance & accounting
1 (1974), S. 0
ISSN:
1468-5957
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
This paper extends the rigorous examination and comparison, begun by Schwab and Lusztig, of the ranking characteristics of Benefit-Cost Ratios and Net Present Value. The algebraic analysis shows the circumstances under which these evaluation techniques give a contradictory ranking of investment projects and identifies the differing implicity reinvestment assumptions; the validity of these assumptions is examined. There is still dispute concerning which technique is preferable under uncertainty and which under capital rationing; this paper attempts to resolve these issues.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1468-5957.1974.tb00862.x
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