What effect does capital rationing have on a firms ability to maximize shareholder wealth?

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What effect does capital rationing have on a firm’s ability to maximize shareholder wealth?

Capital Rationing
Capital rationing is the act of placing restrictions on the amount of new investments or projects undertaken by a company. Capital rationing is the decision process used to select capital projects when there is a limited amount of funding available....
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Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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