Avery Dennison has a 1-year ROE of 12.4%, higher than its peer group average of 11.9%, reflecting efficient capital deployment.
Specifically, Paulson wants to see stronger and more efficient capital markets in China, increased domestic consumption and more exports from the U.S. to China.
And in any case, it is hotly debated whether any individual, no matter how qualified, can consistently outperform his competitors in a relatively efficient capital market.
Because they are all inter-related, and innovation and job creation are only possible with capital formation, which in turn is a function of fair and efficient capital markets.
FORBES: How A Shortage Of Analysts Is Hampering The IPO Market
According to Paulson, if Beijing works to establish competitive and efficient capital markets, this will then lay the groundwork for a currency that is in fact market determined.
That undermines efficient capital allocation and allows excesses to fester.
The combination of state-led investment decisions in the emerging world and a parochial focus on price stability in the rich world produced serial asset bubbles rather than efficient capital allocation.
Efficient capital markets have never been allowed to develop.
The confidence of all users of financial statements in the transparency and integrity of financial reporting is critically important to the effective functioning of capital markets, efficient capital allocation, global financial stability and sound economic growth.
Short-termism can result in a range of corporate and financial games that may enrich management at the expense of market integrity and efficient investor capital allocation.
Profits evidence efficient stewardship of capital in ways which satisfy the market and generate wealth.
Would our companies become more capital efficient, less willing to take on dilution with bigger rounds?
FORBES: Biotech Executive's Pay Premium vs Tech: More Cash, Less Equity
But the stockmarket is also supposed to be concerned with the efficient allocation of capital.
Profits reflect the efficient usage of capital in manners that others willingly remunerate.
FORBES: Our Denial of Nature Undermines the Economic Recovery
Finally, the industry began to outsource its operations, becoming much more capital efficient.
Having a capital efficient strategy, being able to prove your concept quickly and affordably is also something we really look for.
FORBES: Investment Strategy- Physic Venture's Plans for Food & Health Tech
The benefits of more efficient allocation of capital are huge, but they are really, really hard to explain simply and persuasively.
Both of these models of biotech can and have be done in a lean, capital efficient manner (as discussed here).
FORBES: Gravity, Biotech Returns, and Why The Median Matters
There is no way the FOMC can accurately forecast interest rates or determine what the efficient allocation of capital should be.
This would be particularly valuable to early stage companies who are cash starved and looking for any opportunity for additional capital efficient funding.
FORBES: Billion Dollar Policy Ideas for Supporting Biotech Innovation
Legal reforms that made it easier to reduce this debt overhang would allow a more efficient allocation of capital and hence boost investment.
His rationale: venture-backed clean tech companies need to be efficient with their capital, and that means turning to a third party to build their wares.
But because they were so equity capital efficient, the return multiples could easily be in the top 1-5% of all venture deals in the vintage should the milestones deliver.
FORBES: Preclinical Biotech Structured Deals: Reflections on 2013's Solid Start
One of the biggest costs of the lack of proper governance is its drag on the efficient working of capital markets, which chokes off opportunities for entrepreneurs and companies to raise capital for legitimate business reasons.
That its continued growth will expand the range of goods within our reach in concert with a more efficient deployment of capital makes plain that its continued good fortune will be economically stimulative too.
America may boast highly efficient labour and capital markets, but these advantages are partly offset by poor primary and secondary education, run-down public infrastructure, and inadequate saving that makes the country dependent on foreign capital.
Many utilities lack the depth of data needed to implement more cost-effective asset-management systems like condition-based monitoring and maintenance methods, which utilities in Europe and Asia are adopting to enhance the efficient use of capital and reduce operations and maintenance costs.
Even when starting with less capital, women-owned startup companies tend to build high tech companies that are more capital-efficient than the norm, perhaps because they are used to bootstrapping with less capital.
FORBES: Looking To Capitalize On 'Modern Family' Demographics? Invest In Women Entrepreneurs
An analysis performed by the Kauffman Foundation showed that women are more capital-efficient than men.
FORBES: Silicon Valley Discriminates Against Women But There is Hope
应用推荐