Harvard Corporate Governance

JANUARY 31, 2024

In this paper we focus on the problems with bank fundamentals, namely, bank governance and bank capital structure, that allowed, or even encouraged, bank managers to ignore the growing mismatch between the assets and liabilities of their banks. more…)

Banking 145

Banking Capital Structure Finance 145

Harvard Corporate Governance

JANUARY 13, 2023

Shareholders should be able to vote on key board decisions that are material to the protection of their investment, including but not limited to, changes to the purpose of the business, dilution levels and preemptive rights, and the distribution of income and capital structure.

Capital Structure 242

Capital Structure 242

Harvard Corporate Governance

JUNE 2, 2022

We expect to find a positive relationship because the highly levered nature of banks’ capital structure should encourage the pursuit of activities that could entail systemic risk. We do so by focusing on bank executives’ equity portfolio (i.e.,

Banking 240

Banking Capital Structure Equity Marketability 240

Harvard Corporate Governance

SEPTEMBER 27, 2023

It triggers heated political debates, and it is also constantly on the minds of business owners, who cite regulation as a major factor that affects capital structure, employment, and innovation. Summary Regulation is a fundamental economic concept. Of course, many studies focus on cost-benefit analyses of specific rules.

Capital Structure 173

Capital Structure Compliance Finance 173

Harvard Corporate Governance

DECEMBER 19, 2022

To look at trends in unequal voting structures, we examined two data points from ISS Corporate Solutions Data Analytics: 1) whether a company has an unequal voting rights capital structure, and 2), if they do, whether there is any sunset clause attached to it.

Capital Structure 200

Capital Structure 200

Harvard Corporate Governance

APRIL 7, 2023

Posted by Ira Kay, Mike Kesner, and Ed Sim, Pay Governance LLC, on Tuesday, April 4, 2023 Tags: Disclosure , Dodd-Frank Act , Pay for performance , Proxy season , PVP Disclosure , SEC enforcement Gender and the Social Structure of Exclusion in U.S.

Capital Structure 222

Capital Structure Banking 222

Auto Dealer Valuation Insights

OCTOBER 24, 2023

Elevated interest rates and inflationary pressures have squeezed margins and hindered the liquidity of companies paying down debt. Since the pandemic, lenders have observed a shift from cash flow-based loans towards asset-based loans as companies look to recover flexibility in the face of an uncertain economic outlook.

Capital Structure 52

Capital Structure 52

Harvard Corporate Governance

NOVEMBER 15, 2022

– Excludes revisions due to internal reorganizations impacting reportable segment disclosures or changes in capital structure (e.g., . – Excludes “out of period” adjustments (corrections of immaterial errors recorded in the current period). stock splits, stock dividends, etc.). more…).

Capital Structure 203

Capital Structure Dividends 203

Harvard Corporate Governance

MAY 6, 2022

Tags: Accounting , Agency model , Capital structure , Cash flows , Dual-class stock , Financial reporting , Information environment , Restatements , Shareholder voting.

Capital Structure 214

Capital Structure Compliance 214

Harvard Corporate Governance

JULY 8, 2022

Tags: Bankruptcy , Capital formation , Capital structure , Distressed companies , Hedge funds , Institutional Investors , IPOs , REITs.

Capital Structure 203

Capital Structure Finance 203

Financial Times M&A

FEBRUARY 1, 2023

‘Portable capital structures’ avoid need to refinance in tough environment for corporate takeovers

Capital Structure 75

Capital Structure 75

Benzinga

JUNE 6, 2022

Since we went public over a year ago, we've simplified our capital structure, acquired our largest competitor DBCI and purchased a company called Access Control Technologies. When you think about our markets — commercial warehousing in the self-storage space — we have over 50% market share.

Capital Structure 98

Capital Structure Technology Marketability 98

Law 360 M&A

SEPTEMBER 4, 2024

As the debt maturity cliff swiftly approaches in this challenging environment, attorneys at Winston & Strawn highlight the top considerations for boards of directors and finance professionals to think about when structuring and executing liability management transactions, including reviewing capital structure, evaluating debt covenants, and more.

Capital Structure 52

Capital Structure Finance 52

Harvard Corporate Governance

JULY 7, 2022

Posted by William Ferguson (Ferguson Partners), David F. Larcker (Stanford University), and Brian Tayan (Stanford University), on Thursday, July 7, 2022 Editor's Note: William Ferguson is Chairman at Ferguson Partners; David F.

Capital Structure 264

Capital Structure 264

Auto Dealer Valuation Insights

SEPTEMBER 6, 2024

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded common… Source

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

JUNE 6, 2024

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded common… Source

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

MARCH 7, 2024

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded common… Source

Capital Structure 52

Capital Structure Equity Marketability 52

Harvard Corporate Governance

OCTOBER 19, 2022

Posted by Ian Nussbaum, Bill Roegge, and Meredith Klionsky, Cooley LLP , on Wednesday, October 19, 2022 Editor's Note: Ian A. Nussbaum is a partner, Bill Roegge and Meredith Klionsky are associates at Cooley LLP. This post is based on a memorandum by Mr. Nussbaum, Mr. Roegge, Ms. Klionsky, and Mr. Nimetz.

Equity 259

Equity Capital Structure 259

Benchmark Report

JULY 21, 2023

EBITDA is used to evaluate a company’s profitability of its core operations by removing items dependent on capital structure, such as interest, Correctly calculating adjusted EBITDA is essential in an M&A transaction, and all parties must be familiar with the adjustments.

EBITDA 52

EBITDA Capital Structure Marketability Finance 52

Value Scope

AUGUST 31, 2020

The cash flows we isolate are tested for their ability to support debt, the new capital structure of the restructured firm. Probabilistic modelling provides real decision makers with a range in which they can negotiate and design a better capital structure for the most likely economic forecast. Conclusion.

Capital Structure 130

Capital Structure Finance Marketability Compliance 130

Auto Dealer Valuation Insights

MARCH 7, 2022

Here at Family Business Director, we are focused on the numbers of family business: measuring and assessing financial performance, establishing dividend policy, setting capital structure, making capital budgeting decisions, and structuring shareholder redemptions.

Capital Structure 52

Capital Structure Dividends 52

Reynolds Holding

FEBRUARY 7, 2024

Since it is now possible to administer capital structures on the blockchain, opening them up to smart contract automation has become a reality. The tokenisation of traditional debt and equity securities is an important growth area and promises enhanced liquidity and access to capital for many smaller and medium sized enterprises.

Capital Structure 45

Capital Structure Equity Finance 45

Auto Dealer Valuation Insights

DECEMBER 1, 2023

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded common.

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

AUGUST 25, 2023

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

JUNE 23, 2023

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

MARCH 10, 2023

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

JANUARY 11, 2023

Zac Barber is a member of the firm’s Financial Reporting Valuation Group and has experience providing valuation analyses related to intangible assets, contractual agreements, and complex capital structures.

Intangible Assets 52

Intangible Assets Capital Structure 52

Auto Dealer Valuation Insights

NOVEMBER 18, 2022

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

AUGUST 26, 2022

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

JUNE 3, 2022

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

MARCH 17, 2022

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Harvard Corporate Governance

APRIL 5, 2023

Posted by Afra Afsharipour (UC Davis) and Matthew Jennejohn (Brigham Young University), on Wednesday, April 5, 2023 Editor's Note: Afra Afsharipour is the Martin Luther King, Jr. Professor of Law and Senior Associate Dean for Academic Affairs at UC Davis School of Law, and Matthew Jennejohn is a Professor of Law at Brigham Young University.

Capital Structure 240

Capital Structure 240

Harvard Corporate Governance

FEBRUARY 2, 2024

Huber, Latham & Watkins LLP, on Tuesday, January 30, 2024 Tags: enforcement , ESG , Greenwashing , litigation , regulation , Stakeholders , Value chain Accounting Information and Risk Shifting with Asymmetrically Informed Creditors Posted by Tim Baldenius (Columbia University), Mingcherng Deng (City University of New York), and Jing Li (Hong Kong (..)

Debt Financing 100

Debt Financing Banking Capital Structure Finance 100

Andrew Stolz

AUGUST 6, 2020

The theory suggests that a company’s capital structure and the average cost of capital does not have an impact on its overall value. . It doesn’t matter whether the company raises capital by borrowing money, issuing new shares, or by reinvesting profits in daily operations. Definition of the Modigliani-Miller Theorem.

Debt Financing 52

Debt Financing Capital Structure Equity Finance 52

Harvard Corporate Governance

AUGUST 1, 2022

Posted by Charles Korsmo (Case Western Reserve University) and Minor Myers (University of Connecticut), on Monday, August 1, 2022 Editor's Note: Charles Korsmo is Professor of Law at Case Western Reserve University School of Law and Minor Myers is Professor of Law at the University of Connecticut School of Law.

Appraisal 230

Appraisal Capital Structure 230

Benzinga

SEPTEMBER 18, 2024

The Indenture Amendments were sought to allow the consolidation of Windstream's indebtedness into a single silo capital structure with Uniti's indebtedness under a common parent following consummation of the Merger and to modify certain terms of the Windstream Notes to align them with the terms of the Uniti's indebtedness.

Capital Structure 45

Capital Structure Finance 45

Appraisal Rights

MARCH 26, 2020

When it comes to mergers themselves, the Principal Funds take a case-by-case approach, considering a litany of factors, including “(1) prospects of the combined companies; (2) anticipated financial and operating benefits; (3) offer price; (4) fairness opinion; (5) how the deal was negotiated; (6) changes in corporate governance and their impact on (..)

Appraisal 52

Appraisal Capital Structure 52