Sunday, April 27, 2014

risk adjustment risk premium for capex risk-adjusted discount rate.

Pulling the Capex Lever - Oil & Gas Article - A.T. Kearney

www.atkearney.com › ... › Ideas and InsightsArticle
A.T. Kearney
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Enhancing value by optimizing return on capex. ... focusing more on capex strategies and the resulting cash-flow indicators in company valuations. ... an interest rate reflecting the risk-adjusted cost of capital to compare the resulting cash value ...
  • Increased Capex Is An Indicator - But Not What You Might ...

    seekingalpha.com/.../1223001-increased-capex-is-an-indic...
    Seeking Alpha
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    Feb 25, 2013 - The rebound in business investment does point to some .... The risk-adjusted return of the AL strategy is 0.93 over the same 20-year period.
  • Capex: Will Your Investments Deliver the Desired Result ...

    deloitte.wsj.com/riskandcompliance/.../capex-will...
    The Wall Street Journal
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    May 16, 2013 - ¹ In Switzerland, CFOs' attitudes toward capital spending over the next year ... helps integrate a capex program into everything a company is doing and ... Many organizations use a set of discount rates adjusted for the risk ...
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    Net Capital Expenditures

    www.stern.nyu.edu/.../cas...
    New York University Stern School of Business
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    Adjusted Net Cap Ex = Net Capital Expenditures + Acquisitions of other firms -. Amortization of such ... In accounting terms, the working capital is the difference between .... Increasing leverage will decrease value because the risk effect will be.
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    Capital Budgeting Techniques: Certainty and Risk Chapter ...

    wps.aw.com/wps/media/objects/222/227412/ebook/.../chapter09.pdf
    and risk-adjustment approaches for deal- ing with ... practical aspects of risk-adjusted ... TABLE 9.1. Capital Expenditure. Data for Bennett. Company. Project A.
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    Is R&D Mispriced or Properly Risk-Adjusted? - Rutgers ...

    raw.rutgers.edu/docs/.../Papers/Is%20RDMispriced.pdf
    Rutgers University
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    by M Ciftci - ‎2009 - ‎Cited by 4 - ‎Related articles
    If business risk is the reason investors demand a higher return for R&D firms, then ..... standard deviation of future earnings than capital expenditures.
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    Chapter 18 CAPITAL BUDGETING QUESTIONS ...

    bm.gduf.edu.cn/kcpt/gljjxsj/...PDF版)/Chapter18%20new.pdf
    expenditures for land, buildings, equipment and for additions to working capital (e.g., inventories and ..... an appropriate risk-adjusted cost of capital, k. Therefore ...
  • CAPEX Excellence: Optimizing Fixed Asset Investments

    books.google.com/books?isbn=0470748761
    Hauke Hansen, ‎Wolfgang Huhn, ‎Olivier Legrand - 2009 - ‎Business & Economics
    Its small investments category totals 60 % of the total investment volume (i.e. €42 ... capital based on a simple measure of the risk-adjusted business unit return ...
  • What Is the Role of Risk in Capital Budgeting? - wiseGEEK

    www.wisegeek.com/what-is-the-role-of-risk-in-capital-budgeting.htm
    Apr 12, 2014 - A business's capital budget is its strategy for generating the projects and ... the certainty equivalent approach or the risk-adjusted discount rate.
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    The discount rate for capital expenditure analysis in

    www.library.armstrong.edu/.../86300...
    Armstrong Atlantic State University
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    by JRC Wheeler - ‎1988 - ‎Cited by 7 - ‎Related articles
    evaluation of capital expenditures depends on ... mum level of working capital, limitations on additional .... The risk adjustment necessary for a particular project.
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