(De)valuing the Future (notice n° 1071224)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01649cam a2200157 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250207000950.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Doganova, Liliana |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | (De)valuing the Future |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2014.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 58 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The discounted cash flow formula (DCF) is one of the investor’s key tools. It derives the value of a good from the cash flows that this good will produce in the future, reducing them by a factor that is all the greater as they become distant in time. This paper examines the foundations of the DCF formula and identifies three different configurations (ensembles of problems, actors and objects) in its development. Having served as a solution to the practical problem of valuing and managing forests in the calculations of German foresters in the middle of the nineteenth century, then as the expression of a universal definition of value in economic theory in the beginning of the twentieth century, the formula has become, since the 1950s, an instrument for governing investment and has spread in firms’ practices. The paper sheds light on the role played by the state, economists and consultants in the constitution of this formula as the main tool for assessing investments. It describes the effects that the DCF formula induces on the objects to which it comes to be applied, and the figure of the user (an “investing manager”) that it sketches and equips. |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Sociétés contemporaines | o 93 | 1 | 2014-06-10 | p. 67-87 | 1150-1944 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-societes-contemporaines-2014-1-page-67?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-societes-contemporaines-2014-1-page-67?lang=en&redirect-ssocas=7080</a> |
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