Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/43424 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Economic Analysis Working Papers No. 2007,12
Verlag: 
Colegio de Economistas de A Coruña, A Coruña
Zusammenfassung: 
We show that project evaluation should be based on free cash flows at nominal prices. We present a case where the results from the constant price method are biased upwards and there is a risk to accept bad projects. It is a widespread practice to evaluate projects at constant prices. With an example presented in the training on economic regulation of public utilities developed by the World Bank Institute we asses that methodology. We show an overvaluation of 21% when compared with the current prices methodology and using a correct Weighted Average Cost of Capital, WACC.
Dokumentart: 
Working Paper

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