The Entrepreneurial Social Discount Rate: Risk Premium and Loss Aversion in New Ventures
We derive a mathematical extension of the social discount rate (SDR) in such a way that we can valuate intergenerational startups financed with personal and government funds at the aggregate level. The results imply that the precise determination of the SDR can change the financial priority of inves...
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| Udgivet i: | Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance |
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| Principais autores: | , |
| Format: | Artigo |
| Sprog: | Inglês |
| Udgivet: |
Instituto Mexicano de Ejecutivos de Finanzas A.C.
2021
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| Fag: | |
| Online adgang: | https://www.redalyc.org/articulo.oa?id=423771244003 https://www.redalyc.org/journal/4237/423771244003/ https://www.redalyc.org/journal/4237/423771244003/html/ https://www.redalyc.org/journal/4237/423771244003/423771244003.epub https://www.redalyc.org/journal/4237/423771244003/movil |
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