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Corporate Finance Jobs: Cozy Careers, But Bad “Plan B” Options

Brian DeChesare

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. In my view, corporate finance jobs are not ideal “stepping stone roles.”

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The School Bell Rings: Time for Class!

Musings on Markets

The six classes that I prepped for in those two years ranged from banking to investments to corporate finance, and while I have never worked harder, much of what I teach today came out of those classes. In 1984, I moved on to the University of California at Berkeley, as a visiting lecturer, teaching anything that needed to be taught.

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How Debt Investors Are Influencing Corporate Governance

Reynolds Holding

Since the global financial crisis of 2007-2008, the corporate finance markets have been dramatically transformed. Most notable has been the rise of non-traditional providers of debt finance such as private credit funds, which now aggressively compete with traditional finance providers like commercial banks.

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Modeling Managers as EPS Maximizers

Reynolds Holding

We propose a theory of corporate finance based on the idea that firm managers maximize EPS: the difference between net operating profits and interest expense divided by total shares outstanding. We can broadly classify firms’ corporate behaviors into two categories: growth and value firms. REFERENCES Almeida, H. Graham, J.,

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Moonshots

Reynolds Holding

Investors are willing to finance an innovation project when early results from the project – revenue trends, user growth, clinical trial data – reliably indicate future profits. The most innovative part of the economy, the venture capital (VC) market, has evolved structures to address these agency problems. But there’s a catch.

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Leveraged Buyouts

Andrew Stolz

Leveraged Buyout (“LBO”) is a quite common term in Corporate Finance field. It refers to acquiring a company (or its part) and financing it with debt. Financing spin-offs – when a company decides to sell a part of the company and the deal is financed by debt; Private deals – when e. Capital Structure of an LBO.

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Boards’ Dilemma: The Compounding Problem Hidden in Share Buyback Execution Products

Reynolds Holding

As a capital allocation decision, share buybacks intersect all three of the main corporate finance activities of investing, financing, and dividends [1]. William Thorndike’s book “The Outsiders” highlights how some of the greatest shareholder value creating CEOs are capital allocators. Mauboussin & D.