The analysis and modification of "capital budgeting and investment decision" method

被引：0
|
作者：
Zhao, GJ [1 ]
Wang, HZ [1 ]
Shen, N [1 ]
机构：
[1] Tianjin Univ, Coll Management, Tianjin 300072, Peoples R China
来源：
MANAGEMENT SCIENCES AND GLOBAL STRATEGIES IN THE 21ST CENTURY, VOLS 1 AND 2 | 2004年
关键词：
capital budget rationing; opportunity cost; trade's basic rate of return; rule of Maximal Net Present Value;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The book "Economics of Management" edited by Doctor Gan Chun-hui has a great influence, but in the practice of teaching, we find the concept of opportunity cost is misunderstood in the 14th chapter of the book, leading to method mistakes of investment decision. In this paper, we suggest clearly that the trade's basic rate of return should be the proper measure of opportunity cost of capital and by using the rule of Maximal NPV(Net Present Value), we modify the wrong solution in the book.
引用
收藏
页码：899 / 902
页数：4
相关论文
共 50 条
12345