An attempt to define the discount rate in the light of the type of investment project

Monika Foltyn-Zarychta ()

MPRA Paper from University Library of Munich, Germany

Abstract: The problem of estimating the discount rate level is a crucial issue in investment project appraisal procedure. The discount rate is strongly determined by the type of investment that sets the scope of decision criteria. The need to apply financial efficiency, economic efficiency or justice criterion impose the frames for theoretically correct measure of the discount rate.

Keywords: discount rate; investment appraisal (search for similar items in EconPapers)
JEL-codes: D63 G31 H43 (search for similar items in EconPapers)
Date: 2010, Revised 2010
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Published in European Financial Systems 2010 (2010): pp. 17-21

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:40188

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