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A Sufficient Condition for a unique Nonnegative Internal Rate of Return: Further Comments

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  • de Faro, Clovis

Abstract

In a recent issue of JFQA, Aucamp and Eckardt [1] (henceforth referred to as AE), developed a new sufficient condition for the existence of a unique (and simple) nonnegative internal rate of return (IRR), which includes the one previously formulated by Norstrøm [8] as a particular case. As pointed out by the former authors, their new procedure is appealing since it is easier to apply than the rather involved Sturm-Kaplan [6] method, while being a refinement of Norstrøm's result.

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  • de Faro, Clovis, 1978. "A Sufficient Condition for a unique Nonnegative Internal Rate of Return: Further Comments," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 13(3), pages 577-584, September.
    • Handle: RePEc:cup:jfinqa:v:13:y:1978:i:03:p:577-584_00
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    Cited by:

    1. Marchioni, Andrea & Magni, Carlo Alberto, 2018. "Investment decisions and sensitivity analysis: NPV-consistency of rates of return," European Journal of Operational Research, Elsevier, vol. 268(1), pages 361-372.
    2. Carlo Alberto Magni, 2010. "Average Internal Rate of Return and investment decisions: A new perspective," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0021, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    3. Harry G. Stanton & John A. Rickard, 1983. "The True Cost of Borrowing Under a Commercial Bill," Australian Journal of Management, Australian School of Business, vol. 8(2), pages 95-103, December.

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