Michael Osborne

University of Sussex Business School

Jubilee Building

University of Sussex, Falmer

Brighton, Sussex BNI 9SL

United Kingdom

SCHOLARLY PAPERS

22

DOWNLOADS
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8,230

SSRN CITATIONS
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SSRN RANKINGS

Top 43,366

in Total Papers Citations

16

CROSSREF CITATIONS

5

Scholarly Papers (22)

1.

A Resolution to the NPV - IRR Debate?

Number of pages: 22 Posted: 05 Apr 2004 Last Revised: 24 Feb 2023
Michael Osborne
University of Sussex Business School
Downloads 3,315 (6,921)
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 1,012 (42,511)
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.

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 891 (50,698)
Citation 2

Abstract:

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

4.

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 839 (55,067)

Abstract:

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Duration, convexity, fixed income, bond, complex plane

5.
Downloads 500 (106,735)

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 416 (132,537)
Citation 1

Abstract:

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complex, discounting, exponential, hyperbolic, interest, intertemporal

7.

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 197 (285,226)

Abstract:

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Capital Theory, Complex Plane, Interest Rate, Reswitching

8.

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 181 (307,590)

Abstract:

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

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 180 (309,168)
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 161 (340,615)

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 127 (411,639)

Abstract:

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

12.

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 110 (458,354)
Citation 1

Abstract:

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

13.

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 101 (486,881)

Abstract:

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

14.

A new approach to Student and Fisher using polynomial roots

Number of pages: 18 Posted: 08 Jun 2020 Last Revised: 02 Dec 2022
University of Otago - Department of Accountancy and Finance, University of Sussex Business School, University of Otago, Students and affiliation not provided to SSRN
Downloads 68 (616,912)
Citation 1

Abstract:

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

15.

On Exponential and Hyperbolic Discounting

Number of pages: 25 Posted: 29 Oct 2022 Last Revised: 21 Feb 2024
Michael Osborne
University of Sussex Business School
Downloads 57 (673,902)

Abstract:

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Behavioral, duality, hyperbolic discounting, interest rate

16.

Exponential Growth Bias and Consumer Credit Legislation

Number of pages: 23 Posted: 20 Oct 2022 Last Revised: 03 Oct 2023
Michael Osborne
University of Sussex Business School
Downloads 57 (673,902)

Abstract:

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Discounting, duality, exponential, interest rate, inter-temporal

17.

A Financial Fable

Number of pages: 18 Posted: 11 Apr 2024 Last Revised: 29 Apr 2024
Michael Osborne
University of Sussex Business School
Downloads 14 (1,018,384)

Abstract:

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Compounding, discounting, duality, exponential, interest rate, inter-temporal.

18.

Reswitching Redux

Number of pages: 28 Posted: 23 May 2024
Michael Osborne
University of Sussex Business School
Downloads 4 (1,110,669)

Abstract:

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Duality, exponential, interest rate, polynomial, reswitching, time value

19.

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

20.

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

21.

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

22.

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

Quarterly Review of Economics and Finance, Vol. 45, No. 1, February 2005
Posted: 23 Aug 2004 Last Revised: 03 Jul 2023
Michael Osborne
University of Sussex Business School

Abstract:

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Duration, convexity, fixed income, bond, complex plane