Hard capital rationing (See Chapter 17 of the Vernimmen) When a firm has limited resources for the number of worthwhile projects it has, capital rationing occurs. Soft rationing means that capital cannot be raised within the firm and hard rationing means that C1242capital cannot be raised on the external markets. This happens in when markets are not efficient. Hard capital rationing (See Chapter 17 of the Vernimmen) When a firm has limited resources for the number of worthwhile projects it has, capital rationing occurs. Soft rationing means that capital cannot be raised within the firm and hard rationing means that C1242capital cannot be raised on the external markets. This happens in when markets are not efficient. See all terms in the dictionary of finance To know more about it, look at what we have already written on this subject :

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Definitions of terms begining with the same letter as "Hard capital rationing" :

Hard capital rationing Hard currency Hedge fund Hedging Hedging principle Herding instinct, herding behavior Hidden assets

Hidden option High-yield bonds Historical equity risk premium Historical value Holdback Holding company Holding company discount

Holding-period return Hostile offer Hurdle rate Hybrid securities Hyperinflationary country