[BOOK][B] Investment decisions and the logic of valuation

CA Magni - 2020 - Springer
“The subject of valuation and project selection has a long history originating in multiple
disciplines including financial economics, accounting, and engineering. Historically these …

Average internal rate of return for risky projects

G Hazen, CA Magni - The Engineering Economist, 2021 - Taylor & Francis
The average internal rate of return (AIRR) fixes many deficiencies associated with the
traditional internal rate of return (IRR), including apparent inconsistency with net present …

[HTML][HTML] A new approach to studying net present value and the internal rate of return of engineering projects under uncertainty with three-dimensional graphs

A Maravas, JP Pantouvakis - Advances in Civil Engineering, 2018 - hindawi.com
Cost-benefit analysis (CBA) is very useful when appraising engineering projects and
examining their long-term financial and social sustainability. However, the inherent …

Capital depreciation and the underdetermination of rate of return: A unifying perspective

CA Magni - Journal of Mathematical Economics, 2016 - Elsevier
This paper shows that the notion of rate of return is best understood through the lens of the
average-internal-rate-of-return (AIRR) model, first introduced in Magni (2010a). It is an NPV …

Value creation and investment projects: An application of fuzzy sensitivity analysis to project financing transactions

ML Guerra, CA Magni, L Stefanini - International Journal of …, 2022 - World Scientific
This paper presents a methodology which blends sensitivity analysis (SA) and fuzzy
arithmetic for managing uncertainty in project financing transactions. Specifically, we adopt …

The Attribution Matrix and the joint use of Finite Change Sensitivity Index and Residual Income for value-based performance measurement

CA Magni, A Marchioni, D Baschieri - European Journal of Operational …, 2023 - Elsevier
We present a model of performance measurement and attribution for delegated investments.
We introduce an innovative two-dimensional approach that, on one hand, detects the …

[PDF][PDF] ESG and impact investing in VC: The relationship between company-level ESG and VC fund performance

SV Juriks, E Moschowits - 2022 - biopen.bi.no
Sustainable investing has garnered increasing popularity in both public, and more recently,
private markets, with the promising potential of “doing good while doing well.” Studies on VC …

Valuation Strategies for Small Businesses' Intangible Assets

L Dupree - 2019 - search.proquest.com
Small business owners who attempt to sell their businesses may not receive full value if they
do not adequately value their intangible assets. The purpose of this multiple case study was …

On “Introducing excess return on time-scaled contributions”: A clarification

CA Magni - The Journal of Alternative Investments, 2018 - search.proquest.com
Noting that the prospective cash flows of B are f2= 0 and f3= 8, and using Equation 1, the
economic value is [Formula omitted: see PDF.].[...] value additivity is preserved:[Formula …

Performance measurement and decomposition of value added

CA Magni, A Marchioni - … of the Financial Engineering and Banking …, 2019 - papers.ssrn.com
In this paper, we benchmark an investment actively managed (eg, fund, portfolio) against a
reference portfolio passively managed replicating the investment's cash flows in order to …