rationnement du capital
- Domaines
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- comptabilitébudget d'entreprise
- finance
- Date
Définition :
Contraintes portant sur les sommes à effectuer à l'acquisition d'immobilisations, imposées par la direction lors de l'établissement du budget des investissements.
Terme :
- rationnement du capital n. m.
Traductions
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anglais
Date :Définition
A situation which arises when the firm must operate within a limited budget rather than accepting all projects which increase the present value of the firm.
Note :
In corporate finance, capital rationing occurs any time there is a budget ceiling, or constraint, on the amount of funds that can be invested during a specific period of time, such as a year. Such constraints are particularly prevalent in firms that have a policy of financing all capital expenditures internally. Another example is when a division of a large company is allowed to make capital expenditures only up to a specified budget ceiling, over which the division usually has no control. By imposing the capital rationing constraint, the firm attempts to select the combination of investment proposals that will provide the greatest profitability.
Terme :
- capital rationing