Seize the competitive edge through intelligent differentiated capital allocation The intelligent deployment of capital is one of the most effective ways to create long-term value. But despite this there are very few capital allocation experts on the boards of the largest publicly traded companies and academic research consistently finds that most firms deploy capital sub-optimally. Capital Allocation aims to educate senior leaders board members investors students and anyone interested in business on this important topic. Until now very little has been written on capital allocation outside of academia even though the strategic deployment of excess capital is an increasingly significant source of competitive advantage for many companies. David Giroux Chief Investment Officer for Equities and Multi-Asset and Head of Investment Strategy at T. Rowe Price covers the entire gamut of capital allocation issues including optimal capital structure capital allocation alternatives mergers & acquisitions and special situations. Capital Allocation walks you through this critical topic from beginning to end including: Stories of companies that allocated capital in ways that created significant shareholder valueSeveral real-life decision-making models you can use for strategically allocating your firmâs capitalGuidelines for generating high returns in the long term to build sustainable shareholder wealth Giroux uses academic research personal experience and uncomplicated mathematics to reveal approaches and actions that create long-term value. He provides case studies from Kodak Comcast Thermo Fisher Scientific Danaher General Electric Microsoft and others showing how capital allocation hasâand hasnâtâworked in real-life situations. And he shows how to use capital allocation to head off possible activist investors. Capital Allocation offers everything you need to know for deploying capital wisely to outperform your competitors over the long term. . Language: English