{"id":"https://openalex.org/W2590768622","doi":"https://doi.org/10.21314/jor.2018.379","title":"Valuing streams of risky cashflows with risk-value models","display_name":"Valuing streams of risky cashflows with risk-value models","publication_year":2018,"publication_date":"2018-01-01","ids":{"openalex":"https://openalex.org/W2590768622","doi":"https://doi.org/10.21314/jor.2018.379","mag":"2590768622"},"language":"en","primary_location":{"id":"doi:10.21314/jor.2018.379","doi":"https://doi.org/10.21314/jor.2018.379","is_oa":false,"landing_page_url":"https://doi.org/10.21314/jor.2018.379","pdf_url":null,"source":{"id":"https://openalex.org/S4210171086","display_name":"The Journal of Risk","issn_l":"1465-1211","issn":["1465-1211","1755-2842"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Risk","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2967282_code152537.pdf?abstractid=2967282&mirid=1","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030253838","display_name":"Gregor Dorfleitner","orcid":"https://orcid.org/0000-0003-0270-0660","observed_orcids":["https://orcid.org/0000-0003-0270-0660"]},"institutions":[{"id":"https://openalex.org/I60668342","display_name":"University of Regensburg","ror":"https://ror.org/01eezs655","country_code":"DE","type":"education","lineage":["https://openalex.org/I60668342"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Gregor Dorfleitner","raw_affiliation_strings":["University of Regensburg - Department of Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Regensburg - Department of Finance","institution_ids":["https://openalex.org/I60668342"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5038443639","display_name":"Werner Glei\u00dfner","orcid":"https://orcid.org/0000-0002-6246-7840","observed_orcids":["https://orcid.org/0000-0002-6246-7840"]},"institutions":[{"id":"https://openalex.org/I78650965","display_name":"Technische Universit\u00e4t Dresden","ror":"https://ror.org/042aqky30","country_code":"DE","type":"education","lineage":["https://openalex.org/I78650965"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Werner Glei\u00dfner","raw_affiliation_strings":["Dresden University of Technology - Faculty of Economics and Business Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Dresden University of Technology - Faculty of Economics and Business Management","institution_ids":["https://openalex.org/I78650965"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":5.0134,"has_fulltext":false,"cited_by_count":38,"citation_normalized_percentile":{"value":0.94572751,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"20","issue":"3","first_page":"1","last_page":"27"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.5092999935150146,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.5092999935150146,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.3353999853134155,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.09799999743700027,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-measures","display_name":"risk measures","score":0.9269999861717224}],"concepts":[{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.824884831905365},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.777296781539917},{"id":"https://openalex.org/C47096860","wikidata":"https://www.wikidata.org/wiki/Q575542","display_name":"Terminal value","level":4,"score":0.7214782238006592},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.48234790563583374},{"id":"https://openalex.org/C2781014177","wikidata":"https://www.wikidata.org/wiki/Q455422","display_name":"Discounted cash flow","level":3,"score":0.4710775911808014},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3714095950126648},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3544093072414398},{"id":"https://openalex.org/C166819830","wikidata":"https://www.wikidata.org/wiki/Q2025903","display_name":"Operating cash flow","level":3,"score":0.3074187636375427},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19171220064163208}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.21314/jor.2018.379","doi":"https://doi.org/10.21314/jor.2018.379","is_oa":false,"landing_page_url":"https://doi.org/10.21314/jor.2018.379","pdf_url":null,"source":{"id":"https://openalex.org/S4210171086","display_name":"The Journal of Risk","issn_l":"1465-1211","issn":["1465-1211","1755-2842"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Risk","raw_type":"journal-article"},{"id":"pmh:oai:epub.uni-regensburg.de:35032","doi":null,"is_oa":false,"landing_page_url":"https://epub.uni-regensburg.de/35032/1/SSRN-id2967282.pdf","pdf_url":"https://epub.uni-regensburg.de/35032/1/SSRN-id2967282.pdf","source":{"id":"https://openalex.org/S4306401229","display_name":"University of Regensburg Publication Server (University of Regensburg)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I60668342","host_organization_name":"University of Regensburg","host_organization_lineage":["https://openalex.org/I60668342"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:epub.uni-regensburg.de:47509","doi":null,"is_oa":false,"landing_page_url":"https://epub.uni-regensburg.de/47509/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401229","display_name":"University of Regensburg Publication Server (University of Regensburg)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I60668342","host_organization_name":"University of Regensburg","host_organization_lineage":["https://openalex.org/I60668342"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"mag:2590768622","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2967282_code152537.pdf?abstractid=2967282&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"mag:3142542978","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3121291","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:rsk:journ4:5399891","doi":null,"is_oa":false,"landing_page_url":"https://www.risk.net/journal-of-risk/5399891/valuing-streams-of-risky-cashflows-with-risk-value-models","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"doi:10.5283/epub.35032","doi":"https://doi.org/10.5283/epub.35032","is_oa":true,"landing_page_url":"https://doi.org/10.5283/epub.35032","pdf_url":null,"source":{"id":"https://openalex.org/S4306401229","display_name":"University of Regensburg Publication Server (University of Regensburg)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I60668342","host_organization_name":"University of Regensburg","host_organization_lineage":["https://openalex.org/I60668342"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"}],"best_oa_location":{"id":"mag:2590768622","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2967282_code152537.pdf?abstractid=2967282&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W608026942","https://openalex.org/W858214324","https://openalex.org/W1983727023","https://openalex.org/W2012697561","https://openalex.org/W2109588405","https://openalex.org/W2112315720","https://openalex.org/W2136120210","https://openalex.org/W2144238697","https://openalex.org/W2151306296","https://openalex.org/W2511715642","https://openalex.org/W3121134837","https://openalex.org/W3122931934","https://openalex.org/W3123142049","https://openalex.org/W3123164671","https://openalex.org/W3125469568"],"related_works":["https://openalex.org/W2582964859","https://openalex.org/W3174690829","https://openalex.org/W1987494679","https://openalex.org/W4388062343","https://openalex.org/W1977115886","https://openalex.org/W2481518181","https://openalex.org/W434753505","https://openalex.org/W7034437556","https://openalex.org/W7096280050","https://openalex.org/W7206636253"],"abstract_inverted_index":{"Based":[0],"on":[1,21],"risk-value":[2],"models,":[3],"we":[4],"introduce":[5],"a":[6,41,66,81],"multiperiod":[7,67],"approach":[8,83],"to":[9,64],"the":[10,22,26,32,35,54,62,74,78],"valuation":[11,18,58,68],"of":[12,14,25,34,56,60],"streams":[13],"risky":[15],"cashflows.":[16],"The":[17],"is":[19],"based":[20],"(expected)":[23],"value":[24],"output's":[27],"or":[28],"input's":[29],"magnitude":[30],"and":[31,52,59,84],"risk":[33,42],"output":[36],"cashflow,":[37],"as":[38],"captured":[39],"by":[40],"measure.":[43],"We":[44],"derive":[45,65],"three":[46],"formulas":[47],"for":[48,80,88],"valuing":[49],"single":[50],"cashflows":[51,63],"utilize":[53],"principles":[55],"separate":[57],"cumulating":[61],"method.":[69],"In":[70],"an":[71],"axiomatic":[72],"way,":[73],"paper":[75],"sets":[76],"out":[77],"foundations":[79],"new":[82],"suggests":[85],"several":[86],"directions":[87],"its":[89],"further":[90],"development.":[91]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":7},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2017-03-03T00:00:00"}