| License: Creative Commons Attribution 4.0 PDF - Published Version (450kB) |
- URN to cite this document:
- urn:nbn:de:bvb:355-epub-431317
- DOI to cite this document:
- 10.5283/epub.43131
This publication is part of the DEAL contract with Springer.
Abstract
We extend risk-value models for valuing streams of risky cash flows by establishing the well-known concept of terminal value in this context. For a constant growth assumption we are able to derive upper and lower bounds for the terminal value in the case of a translation-invariant and in the case of a position-invariant risk measure. For both cases we also obtain an exact formula under a special ...
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