Relationship betwenn internal rates of return and accounting rates of return
Résumé
The purpose of this paper is to provide a synthesis of the relationship between intemal rates of retum and accounting rates of return.
It restates and completes a number of classic results by providing demonstrations that are sometimes more general and often simpler than previous demonstrations. The example of a single project is briefly presented. Emphasis is placed on a firm in steady state growth and on the interpretation of accounting rates of retum as interna! rates of return that vary in time.
Domaines
Economies et finances
Origine : Fichiers produits par l'(les) auteur(s)
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