摘要
阐述了ＮＰＶ和ＩＲＲ指标的经济涵义，讨论了ＮＰＶ的再投资假定及ＩＲＲ指标失效的问题，分析了ＮＰＶ与ＩＲＲ评价相矛盾的原因及ＮＰＶ法的正确性，最后从理论上证明了利用差额ＩＲＲ能得到与ＮＰＶ一致的结论。
This paper explains the economic meanings of the NPV and IRR indicators, discusses the re-investment assumption of the former and the failure of the latter indicator, and analyses the reason why NPV and IRR evaluations conflict. Finally, the consistency of the differential IRR and NPV is proved theoretically.
出处
《上海海运学院学报》
1998年第3期21-27,共7页
Journal of Shanghai Maritime University
关键词
经济评价
净现值
内部收益率
投资
economic evaluation, net present value, internal rate of return, differential internal rate of return
