HURDLE RATE
Требования инвесторов по минимальной доходности, стоимость денег. Минимальный уровень прибыли, который должна достичь управляющая компания венчурного фонда.
In capital budgeting, hurdle rate is the minimum rate that a company expects to earn when investing in a project. Hence the hurdle rate is also referred to as the company’s required rate of return or target rate. In order for a project to be accepted, its internal rate of return must equal or exceed the hurdle rate.
A pre-established minimum rate of return that general partners must achieve before they are allowed to claim carried interest.
In capital budgeting, hurdle rate is the minimum rate that a company expects to earn when investing in a project. Hence the hurdle rate is also referred to as the company’s required rate of return or target rate. In order for a project to be accepted, its internal rate of return must equal or exceed the hurdle rate.
A pre-established minimum rate of return that general partners must achieve before they are allowed to claim carried interest.
The fact that the investment decision was taken in 2008 in a situation where the aid-adjusted IRR was still considerably below the declared hurdle rate alone is not sufficient doubt the importance of the hurdle rate.
The hurdle rate may also be influenced by the currency in which it is calculated: in currency areas with high levels of inflation, the hurdle rate is higher than in areas with price stability.
The hurdle rate should be the marginal cost of capital adjusted for the project’s risk.
The hurdle rate may also be influenced by the currency in which it is calculated: in currency areas with high levels of inflation, the hurdle rate is higher than in areas with price stability.
The hurdle rate should be the marginal cost of capital adjusted for the project’s risk.
