Resurrecting the Discounted Cash Equivalent Flow
作者:
D.B. MADAN,
期刊:
Abacus
(WILEY Available online 1982)
卷期:
Volume 18,
issue 1
页码: 83-90
ISSN:0001-3072
年代: 1982
DOI:10.1111/j.1467-6281.1982.tb00022.x
出版商: Blackwell Publishing Ltd
关键词: Capital budgeting;Fixed Assets (ACC);Accounting Theory
数据来源: WILEY
摘要:
Following the debate between Chambers and Peasnell, it is argued that the correct criterion for investment appraisal is the discounted net cash equivalent flow, that is CoCoA income net of interest on wealth.
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