Chattopadhyay, Akash, Matthew R. Lyle, and Charles C.Y. Wang. "Expected Stock Returns Worldwide: A Log-Linear Present-Value Approach." Accounting Review 97, no. 2 ...
The discount rate is the rate used to determine the present value of future cash flows in a discounted cash flow (DCF) analysis, which takes into account the time value of money. This helps assess ...
“For example, the traditional net present value (NPV) method is often used, but without proper determination of risk-adjusted discount rates. Hence, risks are not correctly captured in the evaluatio ...
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