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Material ESG Alpha: A Fundamentals-Based Perspective

Harvard Corporate Governance

This post is based on their article forthcoming in The Accounting Review. Penney Chair in Accounting at the University of California Berkeley Haas School of Business; and George S. Skiadopoulos is a Professor at Queen Mary University of London and the University of Piraeus.

Alpha 223
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ESG Valuation Considerations – Top Down or Bottom Up?

Value Scope

This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. Using Alpha, however, it could be done. Alpha is an adjustment made to the Capital Asset Pricing Model (“CAPM”) as part of the calculation of the Weighted Average Cost of Capital, or “WACC.” million to $271.5

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Decentralized Finance, Crypto Funds, and Value Creation in Tokenized Firms

Reynolds Holding

In a new article, we address the question of why CFs find it profitable to intermediate DeFi markets and whether CFs contribute to the overall efficiency of those markets. percent per month, as measured by the traditional CAPM-alpha. billion in mid-2018 to $57.5 billion in 2021. We document that CFs outperform the market by 2.69

Finance 103
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The Siren Song of Sustainability: The Theocratic Trifecta's Third Leg!

Musings on Markets

In the last two decades, it is estimated that there have been more than twelve thousand articles published on corporate sustainability, and while the definition has remained resilient, it has developed offshoots and variants.

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Commodity Hedge Funds: The Most Lucrative “Hidden Gem” in Finance?

Brian DeChesare

This article from PIMCO and the correlation data sum it up quite well: Included within commodity trading are the following firms and groups: Commodity trading desks at oil, gas, mining, power, and agricultural companies. The hierarchy follows the one in the hedge fund career path article. Practical experience is king with commodities.

Finance 119
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Socially Acceptable Securities Fraud

Reynolds Holding

In a new article, I present an empirical analysis of 2022 10b-5 class action lawsuits and 10b-5 enforcement actions by the SEC and find that social media statements are increasingly the basis for fraud litigation. It is based on her recent article, “Socially Acceptable Securities Fraud,” available here. Litig., — F.Supp.3d

Alpha 72
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What connects the stock market contraction to startup valuations?

Equidam

So if the ideas are correct, the price is right, and if there is alpha to be made, the capital should be available. This article, written by Daniel Faloppa, Equidam Founder and CEO, originally appeared on Techcrunch+. Indeed, it could just mean a decrease in the number of funded startups while valuations stay the same.