Capital Allocation: Principles, Strategies, and Processes for Creating Long-Term Shareholder Value

Capital allocation is essential for creating long-term value, but few companies have experts on their boards. David Giroux's book Capital Allocation provides a comprehensive guide to optimal capital structure, allocation alternatives, mergers & acquisitions, and special situations, using academic research, personal experience, and mathematics to reveal approaches and actions that create long-term value. Case studies from Kodak, Comcast, Thermo Fisher Scientific, Danaher, General Electric, Microsoft, and others show how capital allocation has worked in real-life situations and how to use it to head off possible activist investors.

Format: Hardback
Length: 480 pages
Publication date: 06 January 2022
Publisher: McGraw-Hill Education

Seize the competitive edge through intelligent, differentiated capital allocation!

Capital allocation is a crucial aspect of business strategy that can create long-term value. However, despite its importance, there are few capital allocation experts on the boards of 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.

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 value

Several real-life decision-making models you can use for strategically allocating your firm's capital

Guidelines 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 has―and hasn't―worked in real-life situations. And he shows how to use capital allocation to build sustainable shareholder wealth.

Don't miss out on this opportunity to gain a competitive edge through intelligent capital allocation!

Weight: 722g
Dimension: 252 x 247 x 43 (mm)
ISBN-13: 9781264270064