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Project valuation when there are two cashflow streams

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  • Emhjellen, Magne
  • Alaouze, Chris M.

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  • Emhjellen, Magne & Alaouze, Chris M., 2002. "Project valuation when there are two cashflow streams," Energy Economics, Elsevier, vol. 24(5), pages 455-467, September.
    • Handle: RePEc:eee:eneeco:v:24:y:2002:i:5:p:455-467
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    References listed on IDEAS

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    1. John Lintner, 1965. "Security Prices, Risk, And Maximal Gains From Diversification," Journal of Finance, American Finance Association, vol. 20(4), pages 587-615, December.
    2. Fama, Eugene F., 1977. "Risk-adjusted discount rates and capital budgeting under uncertainty," Journal of Financial Economics, Elsevier, vol. 5(1), pages 3-24, August.
    3. Gordon Salahor, 1998. "Implications of Output Price Risk and Operating Leverage for the Evaluation of Petroleum Development Projects," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 13-46.
    4. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
    5. Mossin, Jan, 1969. "Security Pricing and Investment Criteria in Competitive Markets," American Economic Review, American Economic Association, vol. 59(5), pages 749-756, December.
    6. Schall, Lawrence D, 1972. "Asset Valuation, Firm Investment, and Firm Diversification," The Journal of Business, University of Chicago Press, vol. 45(1), pages 11-28, January.
    7. Emhjellen, M. & Alaouze, C.M., 1999. "A Comparison of Oil Project NPV's in the North Sea Obtained using the Weighted Average Cost of Capital Discounting Method and a Modern Asset Pricing Method," Papers 99/15, New South Wales - School of Economics.
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    Cited by:

    1. Osmundsen, Petter & Emhjellen, Magne & Johnsen, Thore & Kemp, Alexander & Riis, Christian, 2014. "Petroleum taxation and investment behaviour," UiS Working Papers in Economics and Finance 2014/17, University of Stavanger.
    2. Marc Steffen Rapp, 2006. "Die arbitragefreie Adjustierung von Diskontierungssätzen bei einfacher Gewinnsteuer," Schmalenbach Journal of Business Research, Springer, vol. 58(6), pages 771-806, September.
    3. Rui Guo & Dongkun Luo & Xu Zhao & Jianliang Wang, 2016. "Integrated Evaluation Method-Based Technical and Economic Factors for International Oil Exploration Projects," Sustainability, MDPI, vol. 8(2), pages 1-19, February.
    4. Emhjellen, Magne & Løvås, Kjell & Osmundsen, Petter, 2009. "LNG Project Valuation with Financial Leasing Contracts," UiS Working Papers in Economics and Finance 2009/15, University of Stavanger.
    5. Yannis G. Yatracos, 2013. "A new method to obtain risk neutral probability, without stochastic calculus and price modeling, confirms the universal validity of Black-Scholes-Merton formula and volatility's role," Papers 1304.4929, arXiv.org, revised Nov 2014.
    6. Emhjellen, Magne & Alaouze, Chris M., 2003. "A comparison of discounted cashflow and modern asset pricing methods--project selection and policy implications," Energy Policy, Elsevier, vol. 31(12), pages 1213-1220, September.
    7. Osmundsen, Petter & Emhjellen, Magne, 2010. "Decision criteria for climate projects," UiS Working Papers in Economics and Finance 2010/2, University of Stavanger.
    8. Petter Osmundsen, Magne Emhjellen, Thore Johnsen, Alexander Kemp and Christian Riis, 2015. "Petroleum Taxation Contingent on Counter-Factual Investment Behaviour," The Energy Journal, International Association for Energy Economics, vol. 0(Adelman S).

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