2013 Disaggregation Financial Leverage Industry 
Harvard Business Review
MARCH 21, 2013
So it began disaggregating return on equity into three components. Financial leverage (assets over equity). equity markets* on BusinessWeek's 2008 list ended up underperforming broader market indices between March 2008 and March 2013. The top 23 also included India's Tata Group and Reliance Industries and Germany's BMW.
Harvard Business Review
MARCH 21, 2013
So it began disaggregating return on equity into three components. Financial leverage (assets over equity). equity markets* on BusinessWeek's 2008 list ended up underperforming broader market indices between March 2008 and March 2013. The top 23 also included India's Tata Group and Reliance Industries and Germany's BMW.
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