全投资假设质疑（Full investment hypothesis question）.docVIP

全投资假设质疑（Full investment hypothesis question） Full investment hypothesis question Key words: investment entity hypothesis; investment project; investment entity hypothesis; feasibility analysis In the investment decision-making of financial management, the calculation of net cash flow of investment project is before decision-making The step of putting forward and foundation is directly related to whether the project investment decision is correct or not. In order to make investment projects, The calculation of net cash flow and the theory of financial management put forward a hypothesis of full investment. Full investment fraud Suppose that, in determining the cash flow of an investment project, only the movement of all investment is considered, but not Specific distinction between free funds and borrowed funds and other specific forms of cash flow. Even if the actual amount of borrowed money exists Kim also sees it as free money (financial management, 2001). The starting point of this assumption is to The feasibility of the project has nothing to do with the source of the investment fund. However, there are some obvious reasons for the hypothesis Question. First, the assumption of full investment is not from the perspective of investors, and will lead to investment decision-making errors Whether an investment project is feasible or not is closely related to the starting point of the investment decision. Like some A particular job, some people can easily finish, some people can not complete. In financial management The purpose of investment project decision is not to judge whether a project is feasible, but for a specific one The enterprise is the investors decision-making service, so it must be judged from the perspective of the investment entity Feasibility of the project. The situation in each enterprise is different, the market environment and the resources it owns I is entirely different, so when calculating the net cash flow of the investment project, it must b