Harvard Business Review

MARCH 23, 2015

Everyone always wants new equipment — new computers or other hot technologies. Do you think they’re going to do a net present value (NPV) analysis that shows they don’t need that computer? The two founding partners were both engineers who loved technology. Finance & Accounting Influence'

Finance 8

Finance NPV CFO ROI 8

Harvard Business Review

NOVEMBER 19, 2015

This can be quantified by analyzing the extent to which the share prices of S&P 500 firms are driven by a firm’s present value of future growth options (PVGO) rather than cash flow from current operations. Scale should help build influence in highly malleable environments. Our research shows that U.S.

Company 8

Company Succession Maturity Long-term 8

Harvard Business Review

APRIL 27, 2017

The Refresher: Net Present Value. While not fully analogous, if Singapore sovereign wealth fund Temasek holds its equities for, say, 8 years on average while quantitative arbitrage hedge fund Renaissance Technologies holds them for milliseconds at a time, the Temasek capital is more valuable than Renaissance’s.

Hedge 9

Hedge Short-term Long-term NPV 9

Harvard Business Review

APRIL 2, 2014

You know, the future value of money, the present value of money — money today is worth more than in the future because you can invest it and get interest. That is, potentially amazing technology if you can only figure out how it works. This stochastic discount factor model is the modern economic update of those, correct?

CAPM 8

CAPM Discount Price Finance 8