Articles on Issue Theme
Anamaria JUGRIN
The purpose of this paper is to analyse the advantages of the adjusted present value – as a new method of valuing companies and projects - and compare them with the already famous net present value. It is also aimed to update the Romanian literature with the latest developments on the subject. It concludes that the new adjusted present value is a useful valuation tool mostly when valuing foreign direct investments and highly leveraged projects. Even so, it is better used as an alternative and refining valuation method to old methods, as it is highly vulnerable to sensitive variables used in its computation.
Keywords: weighted average cost of capital, adjusted present value, capital cash flows, valuation, cost of capital
JEL: G11, M10, M20, M41
Valoarea actualizată netă şi valoarea actualizată ajustată
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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
Silviu CERNA
Universitatea de Vest din Timişoara
Mihai Răzvan NEDELCU
Academia de Studii Economice din Bucureşti
Alexandru-Florin PREDA
Academia de Studii Economice din Bucureşti
Elena TĂLMĂCIAN
Academia de Studii Economice din Bucureşti
Cristian-Gabriel IANC
Academia de Studii Economice din Bucureşti
Bogdan COZMA
Academia de Studii Economice din Bucureşti
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