engleski

Enterprise Real Investments Risk Estimation and Measurement

Basic principles of risk estimation that are well known in the field of financial assets, are concerning real investments as well. An enterprise can be viewed as portfolio of investment projects that cannot be perfectly diversified and where market or beta risk is not the most important risk. In the field of real investments, individual risk and added risk to the total risk of enterprise, besides market risk, have to be estimated. Purposes of the paper are: To research and explain risk components of enterprise real investments and their measurement possibilities, based on Capital Asset Pricing Model ; to point out difficulties to be faced in estimating real investments or investment projects risk, as long term investments ; to propose methodology for creation of the required rate of return of real investments in order to compare it with expected rate of return, calculated from economic and cash flow planning.

risk estimation; real investments

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