@article{1484694,
      recid = {1484694},
      author = {Arenbo, Torbjörn,},
      title = {Capital allocation and value creation : a market-based  framework for executives /},
      pages = {1 online resource (xviii, 231 pages) :},
      abstract = {By adopting a practical, market-oriented approach to  capital allocation, this book sheds light on the complex  issue of cash flow deployment and the creation of  shareholder value. In order to run a company efficiently,  it is not sufficient to simply be a competent  businessperson. One must also possess the skills of a  knowledgeable investor. The management must determine where  to invest capital given the diverse range of investment  options available, such as mergers and acquisitions (M&A),  dividends, share repurchase programs, and organic growth  opportunities. This book provides a useful analytical  framework for corporate executives to consider when  allocating capital, along with empirical findings from peer  group studies and company case studies. The book helps  answer the following questions: · What are the primary  factors that drive your company's shareholder value? Are  they aligned with the strategy the company is pursuing? ·  What are the key dynamics and trade-offs between return on  investments (ROIC), growth, and earnings quality? · What  are the current market expectations embedded in the stock  price? · Given the capital allocation priorities, what does  an “optimal” capital structure look like? · How do you set,  and in turn communicate, the capital allocation and funding  priorities? Written by an expert with more than 25 years of  experience, this book helps business executives improve  their skills as capital allocators by better understanding  the financial markets. Torbjörn Arenbo has more than 25  years of experience working as a corporate finance advisor,  portfolio manager, and risk manager. He currently holds the  position of Chief Analyst and Head of Corporate Advisory  Sweden at Danske Bank, where he has been employed since  2004. Before joining Danske Bank, he worked as a portfolio  manager and risk analyst at Alecta Investment Management.},
      url = {http://library.usi.edu/record/1484694},
      doi = {https://doi.org/10.1007/978-3-031-47048-6},
}