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Michael Osborne

University of Sussex

BMEc, Jubilee Building

University of Sussex, Falmer

Brighton, Sussex BNI 9SL

United Kingdom

  • University of Sussex

    • Email
    • Tel: (44)1273872687
SCHOLARLY PAPERS

17

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CITATIONS
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10

Scholarly Papers (17)

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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
Downloads 2,130 (3,443)
Citation 7

Abstract:

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
Downloads 836 (20,644)
Citation 1

Abstract:

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
Downloads 693 (27,393)

Abstract:

Duration, convexity, fixed income, bond, complex plane

4.

On the Computation of A New Formula for the Duration of A Bond that Yields Precise Results Without the Need for Convexity and Other Devices

Number of pages: 33 Posted: 26 Jan 2003
Michael Osborne
University of Sussex
Downloads 434 (52,155)
Citation 1

Abstract:

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

5.

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
Downloads 371 (61,531)

Abstract:

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

6.

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
Downloads 112 (188,402)

Abstract:

Capital Theory, Complex Plane, Interest Rate, Reswitching

7.

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
Downloads 94 (207,235)

Abstract:

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

8.

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
Downloads 91 (211,307)
Citation 1

Abstract:

bond, complex number, duration, fixed income, Macaulay

9.

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
Downloads 86 (200,579)

Abstract:

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

10.

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
Downloads 64 (263,031)

Abstract:

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

11.

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

Number of pages: 23 Posted: 19 Apr 2013
Michael Osborne
University of Sussex
Downloads 46 (306,061)

Abstract:

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

12.

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
Downloads 13 (369,604)

Abstract:

complex, discounting, exponential, hyperbolic, interest, intertemporal

13.

A Model Illustrating Multiple Interest Rate Analysis (MIRA)

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

Abstract:

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

14.

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 and University of Sussex

Abstract:

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

15.

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
Downloads 0 (373,173)

Abstract:

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

16.

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

Abstract:

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

17.

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
Michael Osborne
University of Sussex

Abstract:

Duration, convexity, fixed income, bond, complex plane

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