【摘要】 现金流量可以分为资本成本、资本回收额与剩余收益三部分,因此当折现时不同的现金流量应与不同的相关折现率相匹配。Damodaran提出的匹配原则使得两种计算净现值的方法得出不同的结果,而通过对匹配原则进行修正则可以解决这一问题。更多还原

【Abstract】 Cash flow can be divided into three parts : capital cost, capital withdrawal and residual income, so different cash flow should be matched with different relevant discounted rate while discounted. The matching principle given by Damodaran makes two methods of calculating net present value to yield different results, and this problem can be solved by modifying the matching principle.更多还原