What U.S. CEOs Should Do with the Money from Corporate Tax Cuts
Harvard Business Review
FEBRUARY 1, 2018
The cost of capital is at historic lows, averaging below 6% for most large U.S. Indeed, for most companies, the value of accelerating growth greatly exceeds the value of returning capital to shareholders. The intrinsic value of a company with growing cash flows doubles every time the discount rate is cut in half.
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