Discount rate method in Yi Jing
نویسندگان
چکیده
Discount rate method is a tool for asset pricing in the theories of investment and corporate finance, using discount to exchange from future cashflows present value, but some limitation this could not capital cost (WACC) charges ($WACC) exactly at each time. The aim paper exploit an based on consequent inflows (yang) outflows (yin) relevant ancient graphic He Tu Yi Jing, repair paying stakeholders' charges. methodology yin-yang Jing new approach finance support financial plan projects, including banks' debts (D) with interest (Rd) exchanged cash interests ($Rd), shareholders' equity (E) (Re) dividends ($Re) whole process operating their budgeting. A contribution gives provision minimum control liquidity risk payment higher than management project. So, exchanges makes premise value-based pricing.
منابع مشابه
Translating across Cultures: Yi Jing and Understanding Chinese Poetry
Translating across cultures stands for a complicated and demanding process. In his well-known article “Chinese Poetry and the English Reader,” David Hawkes discussed the challenges of translating classical Chinese poetry into English, but he failed to examine a most distinctive feature of Chinese poetry, yi jing 意境. Commonly translated as “poetic world,” yi jing is as much a cultural and philos...
متن کاملThe Social Discount Rate
What discount rate should be applied to social investments? It is standard to use the market interest rate, thereby respecting private preferences. We show that application of this “revealed preference” criterion rests on faith, not logic. It is justified only if preferences over all choices, including past choices, are time invariant. The conditions for this to be true are stringent. Under mor...
متن کاملEdgeworth Expansion for U -statistics under Minimal Conditions by Bing-yi Jing
It is well known that Gn(x) converges to the standard normal distribution function, (x), provided Eh(X1,X2) <∞ [see Hoeffding (1948)]. In fact, this moment condition can further be reduced to Eg(X1) <∞ and E|h(X1,X2)|4/3 <∞; see Remark 4.2.4 of Koroljuk and Borovskich [(1994), page 131]. In recent years, there has been considerable interest in obtaining rates of convergence in the asymptotic no...
متن کاملThe Long-Term Discount Rate∗
We develop an expression for the long-term discount rate in an economy in which a representative consumer has access to both a risk-free and a risky production technology. Even when the risk-free sector is very small, and with probability one becomes a negligible fraction of the economy in the long run, interest rates are determined differently than in a single-sector economy. As in a single-ri...
متن کاملA Social Discount Rate for the US
The approach adopted in this paper in order to measure the US social discount rate is market-driven and relies on trade-offs in financial markets. The underlying assumptions are that public budgets displace the marginal private investment, and that US citizens borrow to finance home mortgages. The average debt capacity of the US citizen, or the representative investor, is 20%. It is argued that...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: T?p chí Khoa h?c và Công ngh?: Chuyên san Kinh t? - Lu?t - Khoa h?c Qu?n lý
سال: 2021
ISSN: ['2588-1051']
DOI: https://doi.org/10.32508/stdjelm.v5i4.703