IVSC

AUGUST 29, 2024

This change, which removes an existing paywall, coincides with the effective date of the newest edition of IVS and represents an important step in supporting the widespread adoption and implementation of these standards across global markets.

Marketability 246

Marketability Intangible Assets Business Valuation 246

Harvard Corporate Governance

FEBRUARY 2, 2024

corporate bond market, holding approximately $1.5 Using detailed holding data of mutual funds, our paper first documents a rising trend in mutual fund dual holdings of U.S. By 2019, these funds represented over 25% of the U.S. trillion, a threefold increase from $423 billion in 2009. publicly traded firms.

Corporate Finance 287

Corporate Finance Finance Equity Marketability 287

Harvard Corporate Governance

DECEMBER 2, 2022

But, for the purposes of this document, the term refers to the efforts of any investor to leverage their rights and privileges as an owner to change a company’s practices or strategy. They are influenced by market pressures, stores of capital, and hot topics in governance. That’s a part of activism, to be sure.

Marketability 323

Marketability 323

Scott Mashuda

DECEMBER 19, 2024

The Federal Reserve’s recent monetary easing 75-basis-points in rate cuts with more cuts expected has created an unprecedented opportunity in lower middle market M&A. This shift from inflation-fighting to growth stimulus has fundamentally altered market dynamics, putting sellers firmly in control.

Marketability 52

Marketability Private Equity Firm Equity Banking 52

Harvard Corporate Governance

AUGUST 3, 2022

Specifically, we document trends in repurchases, and compare trading volume, share price performance, CEO pay, and corporate financial activities (e.g., Our key question is whether evidence supports the critiques used to justify these and other anti-repurchase initiatives.

Corporate Finance 202

Corporate Finance Finance Dividends Marketability 202

IVSC

JANUARY 24, 2024

This substantial update includes new chapters on Data & Inputs, Documentation, and Financial Instruments , alongside a reordered General Standards section that more accurately reflects the modern valuation process. Documentation Updated requirements for comprehensive record-keeping in line with national standards and regulations.

Intangible Assets 279

Intangible Assets Compliance Marketability Banking 279

Harvard Corporate Governance

JUNE 4, 2022

While recent gyrations in cryptoasset markets have focused attention on the future contours of stablecoins, market-making, and impending regulation , another feature of the blockchain landscape is also confronting noteworthy challenges. This post is based on their Wachtell memorandum.

Marketability 252

Marketability Technology 252

Harvard Corporate Governance

MAY 28, 2022

Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M. Introduction. more…).

Marketability 242

Marketability 242

IVSC

MAY 2, 2023

These updates take into account various factors, such as ongoing changes in global markets and valuation practices, increasing use of technology and data sources, growing demand for clarity in valuation processes, and the need to address new types of assets and liabilities, including environmental, social, and governance (ESG) factors.

Marketability 240

Marketability Technology 240

Harvard Corporate Governance

SEPTEMBER 16, 2022

Ongoing market volatility and increased regulatory efforts add to the potential for exposure. As an initial point, individualized indemnification agreements offer several advantages over any indemnification provisions in organizational documents, as outlined below. Easier enforcement.

Marketability 227

Marketability 227

Musings on Markets

FEBRUARY 8, 2024

I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. In terms of dollar value added, Microsoft and Apple each added a trillion dollars to their market capitalizations, during the year.

Marketability 141

Marketability Market Capitalization Start-ups Equity 141

Harvard Corporate Governance

JULY 10, 2022

Fueled by fears of a new Wirecard-style scandal, the authorities were looking into suspicious money laundering reports, alleged investment fraud, insider trading, and market manipulation. Short selling is a common, but controversial, form of trading in financial markets. Big profits from falling stocks.

Marketability 246

Marketability 246

Harvard Corporate Governance

APRIL 28, 2023

Posted by Stephen Utkus (University of Pennsylvania), on Friday, April 28, 2023 Editor's Note: Stephen Utkus is Visiting Scholar at Wharton Business School at the University of Pennsylvania and Fellow at the Center for Financial Markets and Policy at Georgetown University.

Finance 224

Finance Marketability Equity 224

Brian DeChesare

FEBRUARY 22, 2023

Sell-Side Definition: In the finance industry, “buy-side firms” raise money from institutions and wealthy individuals and invest on their behalf, profiting from management fees, performance fees, or both; “sell-side firms” earn money from commissions charged to facilitate deals and to sell, market, and trade equity, debt, and other securities.

Finance 130

Finance Marketability Banking Corporate Finance 130

Harvard Corporate Governance

SEPTEMBER 14, 2024

Although portability has not been a common feature of loan documentation, during the past 12 months, private equity sponsors have increasingly looked to take advantage of portable debt facilities to support M&A transaction flow. This post is based on their White & Case memorandum. more…)

Equity 112

Equity Marketability 112

Harvard Corporate Governance

OCTOBER 10, 2023

Preventive measures to fend off greenwashing suits include carefully reviewing and documenting product claims and training marketing staff to avoid unsubstantiated claims. Plaintiffs’ attorneys, animal rights groups and state attorneys general have increasingly filed greenwashing consumer class actions.

Marketability 209

Marketability 209

Viking Mergers

MAY 25, 2023

External factors like market conditions can also influence the right time to sell your business. A mergers and acquisitions firm can provide expert insight into the sale’s timing, market conditions, government incentive programs, and other factors that could put more cash in your pocket and the right buyer in place to carry on your business.

Marketability 246

Marketability Business Valuation Finance 246

Harvard Corporate Governance

FEBRUARY 21, 2024

3] The Grant On January 21, 2018, Tesla’s Board of Directors (the “Board”) [4] unanimously approved the Grant, which would vest based on Tesla’s achievement of certain market capitalization goals, as well as operational milestones related to revenue and adjusted EBITDA targets. Document the Process. Awards Should Have Clear Rationales.

Equity 227

Equity EBITDA Market Capitalization Marketability 227

Peak Business Valuation

DECEMBER 31, 2024

In 2024, the market value of furniture stores is $147 billion according to IBIS World. This helps determine the fair market value of a furniture store. Understanding Your Furniture Stores Fair Market Value When determining how to value a furniture store , appraisers use various valuation methods.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Start-ups 52

Harvard Corporate Governance

AUGUST 28, 2023

The performance of non-US limited partners may differ from what has been documented for US limited partners for various reasons, such as differences in access to top performing funds, differences in skill or ability to select successful PE or VC fund general partners, and differences in fees.

Venture Capital Fund 189

Venture Capital Fund Equity Finance Marketability 189

Harvard Corporate Governance

NOVEMBER 30, 2022

While shareholder resolutions are relatively common in some countries like the United States, Japan and Canada, in other markets shareholder proposals are rare. are most often presented in the form of a bylaw amendment, thereby incorporating the proponent’s “ask” in the company’s governing documents. Additionally, whereas in the U.S.

Equity 237

Equity Marketability 237

Sun Acquisitions

NOVEMBER 26, 2024

Virtual data rooms (VDRs) and AI-powered document review tools have revolutionized the game. VDRs offer secure, cloud-based platforms for storing and sharing vast documents. At the same time, AI can analyze contracts, financial statements, and other critical documents with superhuman speed and accuracy.

Technology 59

Technology Data Analysis Marketability 59

Harvard Corporate Governance

JULY 7, 2022

The amendments have important implications for Form 144 filers as the SEC is looking to increase transparency and make these filings more accessible to investors, analysts and other market participants. According to data cited by the SEC, less than 1% of Form 144s submitted are done so electronically. more…).

Banking 200

Banking Marketability 200

IVSC

OCTOBER 21, 2023

Nygard oversees a staff of appraisers and real estate analysts who review and perform Market Value Appraisals worldwide as well as conduct various analyses including Lease – Purchase, Lease vs. Buy and Fair Market Rent Analyses. The resultant facilities often differ quite a bit physically from market norms.

Appraisal 246

Appraisal Marketability Technology Start-ups 246

Peak Business Valuation

JANUARY 11, 2025

Understanding the fair market value of your business can help you prepare for the effects of litigation. A litigation business valuation from Peak can help you understand the fair market value , the risks, and the value drivers associated with your business. Check out The Market Approach Made Simple for more on this approach.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Marketability 52

Harvard Corporate Governance

NOVEMBER 28, 2022

We document the evolution of the number of unicorns and find that the number increases at an accelerating pace over our sample period. The increase is surprising because one would have expected the high valuations of 2021 to represent a unique opportunity for startups to enter public markets rather than seek to attain unicorn status.

Intangible Assets 238

Intangible Assets Finance Marketability 238

Harvard Corporate Governance

JULY 5, 2022

Earlier this year, regulatory bodies such as the Securities and Exchange Commission (SEC) for the US and the European Securities and Markets Authority (ESMA) for the EU launched an extensive consultation about ESG disclosure regulation, i.e., about firms’ environmental, social and governance (ESG) related risks and opportunities.

Finance 228

Finance Equity Marketability 228

Harvard Corporate Governance

JUNE 27, 2022

We document that the appointment of managers with a business school degree (“business managers” for short) leads to lower wages and labor share at their firms. In particular, we focus on the role of business schools, which have been one of the most important institutions defining the ultimate ends of the corporation.

Finance 262

Finance Technology Marketability 262

Law 360 M&A

JULY 24, 2024

A New York federal judge on Tuesday set up a two-tiered system for document access in the U.S. Department of Justice's antitrust lawsuit against Live Nation and Ticketmaster, limiting sensitive information from other market participants from Live Nation in-house counsel.

Marketability 95

Marketability 95

Sun Acquisitions

JANUARY 8, 2025

Sellers should also streamline all operations and document standard operating procedures. If you have proprietary technologies, an especially strong client base or any other differentiating factor, this should be highlighted as you prepare to market your business. Skilled negotiators ensure you get the best possible terms.

Private Equity Firm 105

Private Equity Firm Marketability Technology Equity 105

Harvard Corporate Governance

SEPTEMBER 23, 2024

Securities and Exchange Commission (“SEC”) to request that the SEC initiate a rulemaking to modernize its Section 13(f) disclosure rules by reducing the outdated 45-day filing period to no more than five business days to improve the utility of 13F filings for market participants and increase investor confidence in the integrity of the U.S.

Marketability 122

Marketability 122

Peak Business Valuation

FEBRUARY 18, 2025

The Purpose of a Business Valuation for Selling an Auto Parts Store A business valuation is the process of determining a businesss value in the current market. When valuing an auto parts store, business appraisers assess income, assets, and market conditions. Fair market value is the worth of a business in the current market.

Business Valuation 52

Business Valuation Fair Market Value Start-ups Appraisal 52

Peak Business Valuation

DECEMBER 5, 2024

This includes strengths, weaknesses, and overall market position. Understanding the Fair Market Value of a Daycare Business Business appraisers use different methods to determine the fair market value of a daycare. Common approaches are the market , income , and asset approaches.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Marketability 52

Sun Acquisitions

SEPTEMBER 16, 2024

For mid-market business owners, the thought of an exit strategy might seem distant or premature. This guide will delve into crucial considerations and actionable steps to help mid-market business owners build an effective exit strategy. It ensures a smooth transition and maximizes value for both you and potential buyers.

Marketability 59

Marketability Private Equity Firm Equity Technology 59

Peak Business Valuation

NOVEMBER 12, 2024

Invest in Marketing : Your reputation and brand image play a major role in the value of your business. If your business appraisal comes back low, consider investing in strategic marketing efforts. Diversify Revenue Streams : Expanding a business’s revenue streams can reduce risk and boost the fair market value of a business.

Business Valuation 52

Business Valuation Intangible Assets Appraisal Start-ups 52

Value Scope

JANUARY 13, 2021

But the real issue has to do with a lack of clarity in the text of royalty and lease documents. It would be even better if lease and royalty documents were drafted more carefully! What is the market “at the well” valuation? What does it mean to make oil or natural gas “marketable”? This is often when litigation picks up.

Fair Market Value 130

Fair Market Value Discounted Cash Flow Treasury Marketability 130

Harvard Corporate Governance

MAY 15, 2024

In our recent article, “ The Lost Promise of Private Ordering ,” we provide an in-depth analysis of the evolving dynamics in the corporate loan market, focusing particularly on the diminishing prevalence of governance-related loan covenants.

Marketability 112

Marketability 112