文章基本信息

标题：A Proposed Capital Budgeting Technique For Liquidity Constrained Small Businesses
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作者：John B. White ; Morgan P. Miles
期刊名称：Journal of Small Business Strategy
印刷版ISSN：1081-8510
出版年度：1990
卷号：1
期号：2
页码：36-46
出版社：Bradley University
摘要：Although the ad vantages of capital budgeting models using discounted cash flaws are well known, small businesses continue to rely on non-discounted techniques in making capital budgeting decisions. This paper analyzes the financial environment in which small businesses operate that makes traditional capital budgeting models inappropriate. A capital budgeting technique is developed that is sensitive to the needs of small businesses and also meets the three-fold criteria for capital budgeting methods.