It takes into account commercial risk and discounts future cash flows (that is, it takes into account the time value of money) when making commercial, and particularly investment, decisions.

进行商业、特别是投资决策时，将商业风险和未来现金流折扣(即资金的时间价值)考虑在内。

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The present value of future cash flow is determined by such three factors as expected cash flow, the risk of expected cash flow, and the time value of money.

未来现金流量的现值，由期望的现金流量、期望现金流量的风险以及货币的时间价值三个因素决定；

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Economic capital management is frontier theory of commercial Banks' risk management and symbols the core of risk and value management for future.

经济资本管理是商业银行管理的前沿理论，代表了未来银行业风险和价值管理的核心。

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It states that the value of any investment is the present value of all future cash flows discounted by a risk factor.

FORBES: Value Stocks and Dividends

The fair value of any investment is its future cash flow discounted for risk.

FORBES: A Second Look at P/E Ratios

According to the report, communities around the globe are not organized to develop an overview of their "total climate risk, " a situation that includes a combination of three key factors: climate risks today, the value of future economic development and the effects of on-going climate change.

CNN: Risky business: insuring countries against climate catastrophe