Optimizing the Capital Rationing Decision with Uncertain Returns

2014 ◽  
Author(s):  
Liuqing Mai ◽  
Haitao Li
Keyword(s):  
Rationing Decision ◽  
Capital Rationing

Petroleum Tax Competition Subject to Capital Rationing

2017 ◽  
Author(s):  
Petter Osmundsen ◽  
Kjell Løvås ◽  
Magne Emhjellen
Keyword(s):  
Tax Competition ◽  
Capital Rationing

scholarly journals Impact of Loan Accessibility on Working Capital Management and Profitability: Comparative Study of Family Versus Non-Family Firms

2020 ◽  
Vol V (I) ◽  
pp. 220-230
Author(s):  
Kanwal Iqbal Khan ◽  
Adeel Nasir ◽  
Aniqa Arslan
Keyword(s):  
Comparative Analysis ◽  
Family Firms ◽  
Investment Decisions ◽  
Sustainable Growth ◽  
Capital Management ◽  
Working Capital ◽  
Financial Cost ◽  
Working Capital Management ◽  
Capital Rationing ◽  
The Relationship

This study is conducted to identify the direction of the relationship between working capital management (WCM) and firm performance of the non-financial sector of Pakistan from 2009 till 2018. This has also looked at the effect of restricted access to loan on the WCM- Profitability relationship. The findings confirmed that restricted loan accessibility impacts the WCM-Profitability relationship. The comparative analysis demonstrated that financially constrained firms are mostly non-family firms that are new, growing, smaller in size, face high risk, maintain high liquidity and tangibility ratios than non-constrained firms. Further, the working capital levels of financially constraint firms is lower because of high operating expenses and greater capital rationing. Managers and scholars may use these findings for the administration of their working capital policies in order to avoid the financial cost and create more opportunities for financial accessibility which is further beneficial for making informed investment decisions, yielding higher profits that contribute towards sustainable growth.

Parallel Replacement under Capital Rationing Constraints

1994 ◽  
Vol 40 (3) ◽  
pp. 305-319 ◽  
Author(s):  
Nejat Karabakal ◽  
Jack R. Lohmann ◽  
James C. Bean
Keyword(s):  
Capital Rationing ◽  
Parallel Replacement

Petroleum Tax Competition Subject to Capital Rationing

2017 ◽  
Author(s):  
Petter Osmundsen ◽  
Kjell LLvvs ◽  
Magne Emhjellen
Keyword(s):  
Tax Competition ◽  
Capital Rationing
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