Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/114666 
Erscheinungsjahr: 
1993
Quellenangabe: 
[Journal:] Journal of Small Business Finance [ISSN:] 1057-2287 [Volume:] 3 [Issue:] 1 [Publisher:] JAI Press [Place:] Greenwich, CT [Year:] 1993 [Pages:] 79-95
Verlag: 
JAI Press, Greenwich, CT
Zusammenfassung: 
This paper sets forth a capital budgeting technique that is both theoretically correct and sensitive to the special financing needs of the small business. This technique involves evaluating cash flows and determining if they are sufficient to meet the loan payment schedule. A sufficient amount of cash flow must remain after debt obligations are met to compensate the equity investment. Net operating cash flows are discounted at the cost of equity while the tax shield from interest and depreciation is discounted at the cost of debt.
Schlagwörter: 
Capital Budgeting
Small Business
Net Present Value
NPV
JEL: 
G32
L25
Dokumentart: 
Article

Datei(en):
Datei
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