ESTIMATING THE INTERNAL RATE OF RETURN FROM PUBLISHED FINANCIAL STATEMENTS: A COMMENT
评论了T. Salmi从财务报表估算内部收益率的方法，指出其技术错误，并证明在内部收益率近似等于增长率时，可用更简单方法达到目标。
In a recent issue of this journal T. Salmi attempted to estimate the internal rate of return from published financial statements. Two reasons lead to the conclu‐ sions that his approach is partly in error. The first is a technical one. Also it has been proved that his objective, estimating the IRR in the case that it is approximately equal to the growth rate, can be reached in a much simpler way.