CEOs Don’t Care Enough About Capital Allocation
Harvard Business Review
APRIL 16, 2015
It’s been more than 50 years since Nobel prizewinners Franco Modigliani and Merton Miller identified return on investments as a major component of value creation (and value destruction). Unless your company’s return on capital exceeds its cost of capital, no amount of revenue growth can create value.
8 
Let's personalize your content