Study on application of CFaR in investment decision-making ofinternational resource program

doi:10.11835/j.issn.1008-5831.2016.04.011

Home > Archive>Volume 22, Issue 4, 2016 >98-104. DOI:10.11835/j.issn.1008-5831.2016.04.011

Study on application of CFaR in investment decision-making ofinternational resource program
DOI:
                        10.11835/j.issn.1008-5831.2016.04.011
                    
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                        FAN DenglongFAN Denglong
Chongqing Energy Research Center of Economics and Management, Chongqing University of Science and Technology, Chongqing 401331, P. R. China;School of Economics and Business Administration, Chongqing University, Chongqing 400044, P. R. China
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LIU BaofaLIU Baofa
Chongqing Energy Research Center of Economics and Management, Chongqing University of Science and Technology, Chongqing 401331, P. R. China
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YANG WenfangYANG Wenfang
Chongqing Energy Research Center of Economics and Management, Chongqing University of Science and Technology, Chongqing 401331, P. R. China
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Abstract:

Because of shortcomings of traditional evaluation method for project investment, we adopt CFaR(Cash Flow at Risk)in the Agadem Oil Exploration Block (AOEB). It is found that the CFaR reflects the investment risk profile of the project more authentically and practically, compared to NPV and other evaluation method, which is more conducive to investors to make decisions.

Key words:cash flow at risk;program;investment;evaluation;agadem

Reference

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范登龙,刘宝发,杨文芳.在险现金流在国际资源项目投资决策中的应用研究[J].重庆大学学报社会科学版,2016,22(4):98~104

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Received:March 26,2016
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Online: July 18,2016
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