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On the use of the terminal-value approach in risk-value models

URN to cite this document:
urn:nbn:de:bvb:355-epub-431317
DOI to cite this document:
10.5283/epub.43131
Dorfleitner, Gregor
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License: Creative Commons Attribution 4.0
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Date of publication of this fulltext: 07 May 2020 04:57


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 translationinvariant 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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