The relationship between the Renminbi future spot return and the forward discount rate

2013 ◽  
Vol 32 ◽  
pp. 156-168 ◽  
Author(s):  
Yanping Zhao ◽  
Jakob de Haan ◽  
Bert Scholtens ◽  
Haizhen Yang
Keyword(s):  
Discount Rate ◽  
Forward Discount ◽  
The Relationship

The Relationship Between Age, Earnings and the Net Discount Rate Revisited

1991 ◽  
Vol 5 (1) ◽  
pp. 67-70 ◽  
Author(s):  
Charles W. de Seve
Keyword(s):  
Discount Rate ◽  
The Relationship

Abstract No abstract available.

The Relationship Between U.S. Federal Reserve Discount Rate Changes and Fluctuations in Interest and Exchange Rates

1995 ◽  
Vol 21 (9) ◽  
pp. 37-49
Author(s):  
Christopher Hessel ◽  
Julie Dahlquist ◽  
Mark Persellin
Keyword(s):  
Exchange Rates ◽  
Discount Rate ◽  
Federal Reserve ◽  
The Relationship

scholarly journals Does CSR Assurance Affect the Relationship between CSR Performance and Financial Performance?

2019 ◽  
Vol 11 (20) ◽  
pp. 5682 ◽  
Author(s):  
Jintae Kim ◽  
Kangho Cho ◽  
Cheong K. Park
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Discount Rate ◽  
Accounting Professionals ◽  
Assurance Services ◽  
Corporate Social ◽  
The Relationship

In this study, we investigate the effect of assurance service of corporate social responsibility (CSR) reports on the relationship between CSR performance and firms’ financial performance. Specifically, we question whether firms having their CSR performance assured to benefit from such assurance services. Theory suggests that investors apply a lower discount rate when valuing firms if information from the firms is credible. Using a sample of 5040 large U.S. companies, we find that the CSR performance is positively associated with the firms’ financial performance on average and that there is a significant effect of CSR assurance service on the relationship between CSR performance and firms’ financial performance. This implies that firms having their CSR reports assured by external experts experience much higher financial performance than firms without such assurance service. Our findings are consistent with the prior studies and support our argument with regard to the CSR assurance service. The findings have implications for firms considering CSR assurance and accounting professionals for their opportunities.

On the Relationship Between Age, Earnings, and the Net Discount Rate

1989 ◽  
Vol 2 (3) ◽  
pp. 69-77 ◽  
Author(s):  
W. Cris Lewis
Keyword(s):  
Discount Rate ◽  
The Relationship

Abstract No abstract available.

scholarly journals Application of Duration Measure in Quantifying the Sensitivity of Project Returns to Changes in Discount Rates

2019 ◽  
Vol 9 (1) ◽  
pp. 13
Author(s):  
Vahidreza Yousefi ◽  
Siamak Haji Yakhchali ◽  
Jolanta Tamošaitienė
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Project Management ◽  
Discount Rate ◽  
Construction Projects ◽  
Project Manager ◽  
Management Systems ◽  
Duration Measure ◽  
The Relationship

In this research, the concept of Duration with a new application in project management has been defined. The Duration of each project provides the project manager with a combined measure containing concepts of return, cost and time of the project. Further in this article, the changes in project return, based on different assumptions such as discount rate, have been examined. To examine the effect of the changes in these factors, the Monte Carlo simulation has been used. The relationship between these factors is nonlinear which reflects the great importance of investment on appropriate risk management systems. The data from a set of construction projects have been used in order to verify the results of this study. Similar relationships can be expected to exist in other industries as well.

The Term Structure of Interest Rates and the Evaluation of Forestry Investments: A Note

1988 ◽  
Vol 12 (4) ◽  
pp. 256-258
Author(s):  
F. Christian Zinkhan
Keyword(s):  
Interest Rates ◽  
Term Structure ◽  
Discount Rate ◽  
Net Present Value ◽  
Present Value ◽  
Term Structures ◽  
Forestry Investments ◽  
The Relationship

Abstract The forestry literature generally assumes that the appropriate discount rate to be used in the estimation of a given investment's net present value is the same over its lifetime. However, the values of many alternative investments such as stocks and bonds often reflect term structures that are not flat. That is, the relationship between the number of years to maturity of an investment and that investment's required rate of return is often a significant consideration. This note suggests a procedure for incorporating a consideration of the term structure of interest rates into the determination of a discount rate specific to each annual net cash flow associated with a given long-term forestry investment. Using an actual 10-year case analysis, it was found that the valuation of a timberland tract varied by approximately 11%, depending upon whether or not the term structure of interest rates was recognized. South. J. Appl. For. 12(4):256-258.

scholarly journals Return, Solvency and Capital Structure of Russian Public and Nonpublic Companies

2019 ◽  
Vol 8 (2) ◽  
pp. 4328-4337
Keyword(s):  
Capital Structure ◽  
Corporate Finance ◽  
Discount Rate ◽  
Investment Decisions ◽  
Practical Significance ◽  
Pricing Model ◽  
Capital Assets ◽  
The Relationship ◽  
The Capital Structure

An analysis of differences in the capital structure and yield of public and nonpublic Russian companies is presented in the article, along with an analysis of the effect of corporate finance concepts – namely, of the capital structure and the relationship between risk and yield in the Russian reality. The concept of the interrelation of risk and yield is widely used in the Russian practice of valuation of business and investment decisions by using CAPM (Capital Assets Pricing Model) to find the value of the discount rate. How customary for the Russian reality is the understanding of the need to account for additional risks for nonpublic companies compared to public ones, common in the theory of corporate finance? This and some other questions are answered in this article. The results of the study have practical significance for investors interested in acquiring Russian assets

Did I Get the Best Discount? Counterfactual Thinking of Tourism Products

2016 ◽  
Vol 57 (1) ◽  
pp. 17-30 ◽  
Author(s):  
Jeong-Yeol Park ◽  
SooCheong (Shawn) Jang
Keyword(s):  
Discount Rate ◽  
Counterfactual Thinking ◽  
Tourism Industry ◽  
Temporal Distance ◽  
Discount Rates ◽  
Price Promotions ◽  
Travel Agents ◽  
Current Trends ◽  
Online Travel ◽  
The Relationship

Current trends in the tourism industry indicate that most potential travelers purchase tourism products from online travel agents that provide price promotions. Even though the range of price promotions often varies, the tourism literature does not address potential travelers’ perceptions after purchasing products at various discount rates. This study examined the relationships among different discount rates, temporal distance, and counterfactual thinking—a mental undoing of existing outcomes. Results showed that the relationship between discount rate and counterfactual thinking had a U-shaped curve. Furthermore, the shape differed by temporal distance. The optimal discount rate for minimizing counterfactual thinking was 29.62% when the reservation was made 15 days prior to departure but rose to 33.33% when the reservation was made three months prior to departure. This study suggested that counterfactual thinking mediates the relationship between discount rate and perceived regret.

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