Some considerations on investment projects valuation

Abstract

The classical criteria for investment projects valuation, although easy to apply, have the disadvantage of not reflecting the complexity of the social and economic phenomena implied by these projects. This study emphasizes some aspects that should be carefully taken into account in the valuation process of investment projects. Hence, the assessment of the discount rate, the estimation of future earnings and the quantification of social benefits are analysed.direct investments, discount rate, estimated earnings, social benefits, financing.