capital rationing

简明释义

一定期限内的投资限额

英英释义

例句

1.Investors should be aware of capital rationing 资本配给 when evaluating new investment opportunities.

投资者在评估新投资机会时，应注意资本配给。

2.Management decided to implement capital rationing 资本配给 to prioritize high-return projects.

管理层决定实施资本配给以优先考虑高回报的项目。

3.In times of economic downturn, capital rationing 资本配给 becomes a common practice among firms.

在经济衰退时期，企业通常会采取资本配给的做法。

4.The company is facing capital rationing 资本配给 due to limited funding options.

由于资金选择有限，公司面临着资本配给。

5.The firm's capital rationing 资本配给 strategy helped them survive the financial crisis.

该公司的资本配给策略帮助他们度过了金融危机。

作文

In the world of finance and investment, businesses often face the challenge of allocating limited resources to various projects. One critical concept that arises in this context is capital rationing, which refers to the situation where a company has more profitable investment opportunities than it can finance due to budget constraints. This scenario forces firms to prioritize their projects and make difficult decisions regarding which ones to pursue. Understanding capital rationing is essential for managers and investors alike, as it directly impacts the strategic direction and financial health of an organization.To illustrate the importance of capital rationing, consider a hypothetical company, Tech Innovations Inc., which has identified three potential projects: Project A, Project B, and Project C. Each project requires an initial investment, but due to limited capital, Tech Innovations can only fund two of them. Project A promises a return of 15% on investment, Project B offers a return of 10%, and Project C has a projected return of 20%. Although Project C appears to be the most lucrative, the company must also consider factors such as risk, resource availability, and alignment with long-term goals.When faced with capital rationing, companies often employ various techniques to evaluate their options. One common approach is the use of net present value (NPV) analysis, which helps determine the value of future cash flows generated by each project. By calculating the NPV, management can compare the profitability of different investments and select the ones that will maximize shareholder value. In our example, if the NPV of Project C is significantly higher than that of Projects A and B, Tech Innovations would likely choose to invest in it, assuming it fits within their overall strategy.However, capital rationing is not solely about maximizing returns; it also involves assessing risk and ensuring the company's long-term sustainability. For instance, if Project C carries a higher level of risk due to market volatility or regulatory challenges, the decision-makers might opt for the safer investments represented by Projects A and B, even if they offer lower returns. This highlights the delicate balance that companies must strike between pursuing high returns and managing risk effectively.Moreover, capital rationing can lead to strategic advantages for companies that manage it well. By carefully selecting projects that align with their core competencies and market positioning, firms can create a competitive edge. In contrast, poor capital allocation decisions can result in wasted resources, missed opportunities, and ultimately, financial distress. Therefore, organizations must develop robust frameworks for evaluating investment opportunities and making informed choices under capital rationing conditions.In conclusion, capital rationing is a vital concept in financial management that requires careful consideration and analysis. It compels organizations to prioritize investments, assess risks, and align projects with strategic objectives. By understanding how to navigate capital rationing, businesses can optimize their resource allocation, enhance profitability, and secure their long-term success. As the business landscape continues to evolve, mastering the principles of capital rationing will remain crucial for achieving sustainable growth and competitive advantage in the marketplace.

在金融和投资的世界中，企业常常面临将有限资源分配给各种项目的挑战。一个关键的概念在这种情况下出现，那就是资本配给，它指的是公司由于预算限制而无法融资的情况下，有比其能融资的更多的盈利投资机会。这种情况迫使公司优先考虑其项目，并就追求哪些项目做出艰难的决定。理解资本配给对管理者和投资者来说至关重要，因为它直接影响到组织的战略方向和财务健康。为了说明资本配给的重要性，可以考虑一个假设的公司——科技创新公司，它识别了三个潜在项目：项目A、项目B和项目C。每个项目都需要初始投资，但由于资本有限，科技创新公司只能资助其中两个。项目A承诺15%的投资回报，项目B提供10%的回报，而项目C的预计回报为20%。虽然项目C似乎是最有利可图的，但公司还必须考虑风险、资源可用性以及与长期目标的一致性等因素。面对资本配给，公司通常采用各种技术来评估其选项。一种常见的方法是使用净现值（NPV）分析，这有助于确定每个项目产生的未来现金流的价值。通过计算NPV，管理层可以比较不同投资的盈利能力，并选择那些能最大化股东价值的项目。在我们的例子中，如果项目C的NPV显著高于项目A和B，那么科技创新公司可能会选择投资于它，前提是它符合公司的整体战略。然而，资本配给并不仅仅是关于最大化回报；它还涉及评估风险并确保公司的长期可持续性。例如，如果项目C由于市场波动或监管挑战而带来了更高的风险，那么决策者可能会选择更安全的投资，代表项目A和B，即使它们提供较低的回报。这突显了公司必须在追求高回报和有效管理风险之间取得微妙平衡的重要性。此外，资本配给可以为那些妥善管理它的公司带来战略优势。通过仔细选择与其核心竞争力和市场定位相一致的项目，企业可以创造竞争优势。相反，糟糕的资本配置决策可能导致资源浪费、错失机会，最终导致财务困境。因此，组织必须建立健全的框架来评估投资机会，并在资本配给条件下做出明智的选择。总之，资本配给是财务管理中的一个重要概念，需要仔细考虑和分析。它迫使组织优先考虑投资、评估风险并将项目与战略目标对齐。通过理解如何在资本配给中导航，企业可以优化资源配置、提高盈利能力并确保其长期成功。随着商业环境的不断演变，掌握资本配给的原则将继续对实现可持续增长和市场竞争优势至关重要。