关于船舶投资决策中的折现率确定  

Determination of Discount Rate in Shipping Investment Decision-Making

作　　者：邵瑞庆[1] 

机构地区：[1]上海立信会计学院,上海201620

出　　处：《中国航海》2009年第2期76-78,共3页Navigation of China

基　　金：上海市教委重点学科建设资助项目(编号:J51701)

摘　　要：折现率是船舶投资决策中的一个关键参数,通常以航运企业的资金成本作为确定的依据。以航运企业的资金成本作为折现率的确定依据是建立在以特定船舶的投资风险不改变企业风险这一基本假设之上的。如果特定船舶投资的风险大于或小于企业的风险,就应该对折现率进行调整以反映特定船舶投资风险的增加或减小。Discount rate is a key parameter in shipping investment decision-making. It is generally determined by the cost of shipping companies＇ capital with the basic hypothesis that the investment risk in a specific ship does not change company＇s risk. If investment risk in the specific ship is larger or smaller than the company＇s risk, the discount rate should be adjusted to reflect the increase or decrease in the investment risk in the specific ship.

关 键 词：交通运输经济学 船舶 投资决策 折现率 资金成本 风险 

分 类 号：F562.6[经济管理—产业经济]