Harvard Corporate Governance

AUGUST 1, 2023

Specifically, since 2018, the market has reacted positively to new activist situations, with attractive short-term share price outperformance, but relatively few activists have been able to sustain market-beating performance throughout the first year following a campaign launch. individuals, private equity funds, family offices).

Marketability 242

Marketability Total Shareholder Return Alpha Market Capitalization 242

Musings on Markets

JANUARY 5, 2024

Since I am lucky enough to have access to databases that carry data on all publicly traded stocks, I choose all publicly traded companies, with a market price that exceeds zero, as my universe, for computing all statistics. Return on Equity 1. Equity Risk Premiums 2. Return on (invested) capital 2. Return on Equity 2.

Dividends 105

Dividends Risk Premium Equity Book Value 105

Reynolds Holding

FEBRUARY 5, 2023

Returns are adjusted for firm size and book-to-market of equity. To explore this possibility, we divide our sample by industry, by year, by market capitalization, by analyst following, and by trading volume. Returns are adjusted for firm size and book-to-market of equity.

Marketability 59

Marketability Alpha Equity Firm Value 59

Reynolds Holding

JANUARY 23, 2024

in August 2019, wiping out about $36 billion in market capitalization. This allegedly subjected investors to “undisclosed risk and ultimately led to the massive losses the funds incurred in February and March of 2020,” when the COVID-19 pandemic roiled markets. Kraft Heinz’s stock price also drastically declined from $56.20

Banking 59

Banking Private Equity Firm Alpha Compliance 59

Reynolds Holding

NOVEMBER 15, 2022

Charges against robo-adviser Wahed Invest, LLC , which had marketed itself as providing advisory services compliant with Islamic, or Shari’ah law, but failed to adopt and implement written policies and procedures addressing how it would assure Shari’ah compliance on an ongoing basis. A litigated matter charging Vale S.A. ,

Compliance 45

Compliance Marketability Technology Alpha 45

Musings on Markets

JUNE 23, 2023

As the semiconductor business has acquired heft, in terms of revenues and profitability, investors have priced those operating results into the market capitalization assigned to these companies. A Net Positive for Markets? Does revolutionary change help the overall economy and/or equity markets?

Start-ups 103

Start-ups Marketability Market Capitalization Technology 103

Musings on Markets

JANUARY 10, 2025

Thus, as you peruse my historical data on implied equity risk premiums or PE ratios for the S&P 500 over time, you may be tempted to compute averages and use them in your investment strategies, or use my industry averages for debt ratios and pricing multiples as the target for every company in the peer group, but you should hold back.

Risk Premium 119

Risk Premium Dividends Start-ups Corporate Finance 119