Thermodynamic Approach to the Discount Rate and Discounted Cash Flow Method
نویسندگان
چکیده
Current theories of the discount rate have a theoretical basis focused on risk; risk-free and risk premium. The basic component rate, as purely empirical has natural infirmity which consequently weakens final theory. Similarly, premium category is not theoretically perfect. fundamental shortcoming that theory does relate to knowledge capital its potential growth. Therefore, purpose discussion justify structure with constant growth capital; = 0.08 [1/year] main component. It proven linked essence time pace passage an essential capital–labor–time triad.
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ژورنال
عنوان ژورنال: Risks
سال: 2023
ISSN: ['2227-9091']
DOI: https://doi.org/10.3390/risks11070118