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Book synopsis

The authors published many articles in peer-reviewed professional journals. Several articles received awards, including Dietz Award from the Journal of Performance Measurement in year 2014. This time, they study the problem of multiple roots of IRR equation and introduce a novel "largest root" rule for selecting the correct solution, which effectively resolves the puzzle of IRR equation with regard to its financial applications. Other important issues of investment performance measurement are considered too, such as the concept of investment context. Within this conceptual framework, the authors study and compare different methods for calculating rates of return, such as IRR, Modified Dietz, TWRR, geometric linking, NPV, MIRR, etc., introduce enhancements for existing methods. A new generalized IRR equation (GIRR) was proposed. This equation, for the first time, describes investment context in a universal mathematical form, which is a breakthrough result. Algorithms for linking rates of return are considered too. Overall, the book provides concise, comprehensive and clear overview of investment performance measurement problems and related issues, and presents well founded solutions. The text was written for a wide audience of financial industry professionals, academics and students studying finance and investment business.

Book details

• Full title: Solving the Puzzle of Irr Equation. Choosing the Right Solution to Measure Investment Success. Second Edition
• Author: Yuri K Shestopaloff
• Language: English
• Binding: Paperback
• Number of pages: 108
• EAN: 9781927731017
• ISBN: 9781927731017
• ID: 09426364
• Publisher: AKVY Press
• Weight: 145 g
• Dimensions: 216 × 140 × 7 mm
• Date of publishing: 16. April 2015

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