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). There are just two ways to increase ROIC: improve operating profit (by increasing revenues or cutting costs) or invest capital more wisely.

CEO 8

CEO ROIC Cost of Capital Merton 8

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, I'd suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodie's six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources. Tags: Economy Finance Global business.

Banking 15

Banking Crisis Merton Decentralization 15

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15

Banking Crisis Merton Guidelines 15