Ironically, the easy money of the past few years, a byproduct of rising corporate profits and stock prices, is in some ways limiting the options available to corporate managers.

In too many industries, it has allowed for too much cash chasing too many growth opportunities. There are private-equity deals getting done in industries that never would have been candidates for private equity in the past, at pricing that probably wouldnt have made sense in the past, observes J. Sherman, CFO of Akamai Technologies Inc.a 429 million Internet services firm in Cambridge, Massachusetts.

Still, its not surprising that companies are trying to do something with their cash. Assuming aftertax returns on cash of 3 to 4 percent, and market-average returns of 10 percent on a stock index fund, the forgone opportunity cost for investors is 6 to 7 percent. That opportunity does having a payday loan affect your credit rating, writes BCG in Value Creators, has a negative impact on annual TSR of one to two percentage points, on average, which over 10 years is equivalent to the difference between top-quartile and average performance.

Many companies have, of course, turned to stock buybacks.

Does having a payday loan affect your credit rating

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Does having a payday loan affect your credit rating

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Does having a payday loan affect your credit rating