• Title of article

    Well-behaved cash flows

  • Author/Authors

    Saak، Alexander نويسنده , , Hennessy، David A. نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2001
  • Pages
    -80
  • From page
    81
  • To page
    0
  • Abstract
    Internal rate of return and net present value statistics for evaluating projects may display anomalous behavior when cash flows change sign more than once. We identify necessary and sufficient conditions such that these anomalies are precluded. We also identify a linear dominance condition on payoffs sufficient to order internal rates.
  • Keywords
    Directional , Function , translation , Homotheticity , Distance
  • Journal title
    Economics Letters
  • Serial Year
    2001
  • Journal title
    Economics Letters
  • Record number

    21757

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=21757