Value Scope

JULY 21, 2020

This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. We know ESG is important and valuable, but it will be even more valuable when it is clearly quantified and valued using conventional and customary approaches. Do ESG programs impact firm value? million to $271.5

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Reynolds Holding

FEBRUARY 5, 2023

This is direct evidence that the announcement causes expectations of firm value to be biased upward. We find a negative and statistically significant alpha from our risk factor regressions, confirming our findings. The abnormal returns may be rational compensation for risk.

Marketability 59

Marketability Alpha Equity Firm Value 59

Musings on Markets

JANUARY 5, 2024

Market alpha Many of these corporate finance variables, such as the costs of equity and capital, debt ratios and accounting returns also find their way into my valuations, but I add a few variables that are more attuned to my valuation and pricing data needs as well. Standard Deviation in Equity/Firm Value 2. Default Spreads 3.

Dividends 100

Dividends Risk Premium Equity Book Value 100

Value Scope

SEPTEMBER 24, 2020

How do you justify making substantial investments and fundamental changes to corporate structures and culture without empirical evidence that it will make a direct impact on shareholder value, total shareholder return, net present value, and individual rates of return? . Do ESG programs impact firm value?

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130