risk discount การใช้

• Using company-level economic models clearly reflects a top-down approach to determining the risk discount rate.
• If so, the " risk discount " associated with many of the Northern Irish stocks could widen, he said.
• Real-world EEV usually uses a risk discount rate made up of the risk-free rate plus a risk margin which reflects the weighted average cost of capital and Beta from the CAPM model.
• However, since 1998, the run-up in stock prices pushed the earnings yield well below the real AAA bond yield, suggesting that there was a risk discount rather than a risk premium for holding stocks.
• Market-consistent EEV makes use of a bottom-up approach for determining the risk discount rate, which produces a number which equals the risk free rate plus an explicit allowance for operational risk and market risk.