Abstract
Studies of corporate investment practices (Seitz and Ellison, 1995) carried out over the past 40 years have shown that the payback and accounting rate of return approaches were the preferred decision methods in earlier years. By 1988, however, over 75% of companies were using the DCF approach to calculate the net present values (NPVs) of potential investment outlays and inflows.
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© 2002 Jamie Rogers
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Rogers, J. (2002). Valuation. In: Strategy, Value and Risk — The Real Options Approach. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230513051_3
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DOI: https://doi.org/10.1057/9780230513051_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-42970-7
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