Michael Osborne

University of Sussex Business School

Jubilee Building

University of Sussex, Falmer

Brighton, Sussex BNI 9SL

United Kingdom

SCHOLARLY PAPERS

19

DOWNLOADS
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6,897

SSRN CITATIONS
Rank 42,547

SSRN RANKINGS

Top 42,547

in Total Papers Citations

11

CROSSREF CITATIONS

6

Scholarly Papers (19)

1.

A Resolution to the NPV - IRR Debate?

Number of pages: 22 Posted: 05 Apr 2004 Last Revised: 04 Jan 2010
Michael Osborne
University of Sussex Business School
Downloads 3,024 (4,840)
Citation 13

Abstract:

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Capital budgeting, Complex plane, interest rates, internal rate of return, investment appraisal, net present value, time value of money

2.

The Relationship between NPV and Irr in the Presence of a Non-Flat Yield Curve

Number of pages: 17 Posted: 15 Jun 2004
Michael Osborne
University of Sussex Business School
Downloads 960 (29,309)
Citation 1

Abstract:

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Capital budgeting, complex plane, internal rate of return, investment appraisal, net present value, time value of money, yield curve

3.

A Simple, Accurate Formula for the Duration of a Portfolio of Bonds Under a Non-Parallel Shift of a Non-Flat Yield Curve

Number of pages: 26 Posted: 08 Sep 2004
Michael Osborne
University of Sussex Business School
Downloads 780 (39,081)

Abstract:

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Duration, convexity, fixed income, bond, complex plane

4.

On the Meaning of Internal Rates of Return and Why an Internal Rate of Return is Not an Investment Criterion

Number of pages: 35 Posted: 06 Jul 2010 Last Revised: 27 Nov 2011
Michael Osborne
University of Sussex Business School
Downloads 537 (63,586)
Citation 2

Abstract:

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Capital budgeting, complex plane, internal rate of return, net present value

5.
Downloads 465 (76,067)

Abstract:

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bonds, modified duration, duration, interest rate sensitivity, complex plane

6.

Exponential versus Hyperbolic Discounting: A Theoretical Analysis

Number of pages: 13 Posted: 03 Nov 2014 Last Revised: 28 Aug 2016
Michael Osborne
University of Sussex Business School
Downloads 283 (132,803)
Citation 1

Abstract:

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complex, discounting, exponential, hyperbolic, interest, intertemporal

7.

A Real Accurate Formula for the Yield Elasticity of Bond Price

Number of pages: 23 Posted: 06 Aug 2012 Last Revised: 03 Sep 2012
Michael Osborne
University of Sussex Business School
Downloads 151 (237,407)

Abstract:

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bond, complex number, duration, elasticity, fixed income, Macaulay, yield

8.

The Cambridge Controversies in the Theory of Capital: A Solution to the Reswitching Puzzle

Number of pages: 32 Posted: 24 Jan 2010 Last Revised: 11 Aug 2011
Michael Osborne
University of Sussex Business School
Downloads 145 (245,503)

Abstract:

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Capital Theory, Complex Plane, Interest Rate, Reswitching

9.

A Note on Macaulay’s Formula for Duration

Number of pages: 14 Posted: 10 Aug 2011 Last Revised: 03 Sep 2012
Michael Osborne
University of Sussex Business School
Downloads 137 (256,803)
Citation 1

Abstract:

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bond, complex number, duration, fixed income, Macaulay

10.

An Alternative Way to Deconstruct Value: A Dual Expression for NPV and Its Applications

Number of pages: 41 Posted: 08 Aug 2012
Michael Osborne
University of Sussex Business School
Downloads 129 (268,805)

Abstract:

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capital budgeting, complex number, internal rate of return, IRR, net present value, NPV, yield curve

11.

An Essay on the Inadequacy of APR as a Measure of the Cost of Consumer Credit, and Why Consumer Credit Legislation Should Be Revised

Number of pages: 38 Posted: 30 Dec 2010 Last Revised: 25 Mar 2011
Michael Osborne
University of Sussex Business School
Downloads 96 (330,108)

Abstract:

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APR, consumer credit, complex plane, truth-in-lending

12.

Is APR a Robust Measure of the Cost of Consumer Credit?

Number of pages: 23 Posted: 19 Apr 2013
Michael Osborne
University of Sussex Business School
Downloads 79 (372,038)

Abstract:

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annual percentage rate, APR, consumer credit, complex plane, time value of money, finance charge, truth-in-lending, TVM

13.

A Note on the IRR of a Project with Many Potential Outcomes

Number of pages: 8 Posted: 27 Aug 2016 Last Revised: 24 Sep 2016
Michael Osborne
University of Sussex Business School
Downloads 67 (407,414)
Citation 1

Abstract:

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Complex plane, duration, internal rate of return, IRR, Macaulay, net present value, NPV

14.

A new approach to Student and Fisher using polynomial roots

Number of pages: 27 Posted: 08 Jun 2020 Last Revised: 31 Mar 2021
University of Otago, University of Sussex Business School, University of Otago, Students and affiliation not provided to SSRN
Downloads 25 (593,542)
Citation 1

Abstract:

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Dual space, Complex plane, Roots of polynomials, Orthogonal decomposition, Sample variance, Student-t

15.

Do Dual Discounting Equations Reconcile Exponential Banks with Their Hyperbolic Customers?

Number of pages: 26 Posted: 09 Jun 2020 Last Revised: 17 Aug 2020
Michael Osborne
University of Sussex Business School
Downloads 19 (634,256)

Abstract:

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Dual, behavioral, complex, discounting, dynamic, exponential, hyperbolic, inconsistency, interest, inter-temporal, time

16.

A Model Illustrating Multiple Interest Rate Analysis (MIRA)

Wolfram Demonstrations Project, (2015)
Posted: 15 Sep 2016
Michael Osborne and Edward O'Reilly
University of Sussex Business School and Independent

Abstract:

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Complex plane, duration, internal rate of return, IRR, Macaulay, net present value, NPV

17.

The Cambridge Capital Controversies: Contributions from the Complex Plane

Review of Political Economy, Vol. 28, No. 2, 2016
Posted: 27 Aug 2016
Michael Osborne and Ian Davidson
University of Sussex Business School and University of Sussex

Abstract:

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Cambridge; capital; complex plane; controversies; dual; polynomial; reswitching

18.

A Resolution to the NPV – IRR Debate?

Quarterly Review of Economics and Finance, Vol.50, No. 2, 2010
Posted: 21 Feb 2010 Last Revised: 29 Aug 2016
Michael Osborne
University of Sussex Business School

Abstract:

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Capital Budgeting, Complex Plane, Internal Rate of Return, Net Present Value

19.

On the Computation of a Formula for the Duration of a Bond that Yields Precise Results

Posted: 23 Aug 2004
Michael Osborne
University of Sussex Business School

Abstract:

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Duration, convexity, fixed income, bond, complex plane