Capital rationing and maximization of shareholder wealth

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Does capital rationing impact maximization of shareholder wealth? Explain

Source:

http://garnet.acns.fsu.edu/~ppeters/fin3403/readings/capbud/capbud1.htm

Capital rationing limits the amount that can be spent on capital investments during a particular period of time -- that is, a limit on the capital budget. These constraints may arise from some policy of the board of directors, or may arise externally, say from creditor ...