Department

Economics, Finance and Quantitative Analysis

Document Type

Article

Publication Date

9-1-2017

Abstract

Cash flow based and accounting based criteria for corporate investment decisions are examined and compared. Even though one approach uses cash flows and the other approach uses accounting numbers, the values of the metrics produced, net present value and market value added, are shown to be identical. Use of net present value and market value added produce the same corporate investment decisions.

Journal

International Research Journal of Applied Finance

Journal ISSN

2229 – 6891

Volume

8

Issue

9

First Page

553

Last Page

560

Share

COinS