A Proposed Capital Budgeting Technique For Liquidity Constrained Small Businesses

  • John B. White Georgia Southern College
  • Morgan P. Miles Georgia Southern College

Abstract

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.

 

Published
Jun 3, 2015
How to Cite
WHITE, John B.; MILES, Morgan P.. A Proposed Capital Budgeting Technique For Liquidity Constrained Small Businesses. Journal of Small Business Strategy, [S.l.], v. 1, n. 2, p. 36-46, june 2015. ISSN 2380-1751. Available at: <http://libjournals.mtsu.edu/index.php/jsbs/article/view/223>. Date accessed: 28 july 2017.
Section
Articles