Harvard Corporate Governance

MARCH 29, 2022

Posted by Amit Batish, Equilar, Inc., on Tuesday, March 29, 2022 Editor's Note: Amit Batish is Director of Content at Equilar, Inc. This post is based on an Equilar memorandum by Mr. Batish and Courtney Yu. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation by Lucian A. Bebchuk and Roberto Tallarita (discussed on the Forum here ); and Paying for Long-Term Performance by Lucian Bebchuk and Jesse Fried (discussed on the

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BVR

MARCH 28, 2022

With the COVID-19 pandemic putting a stranglehold on the U.S. economy for most of 2020 and causing an unprecedented economic impact on small businesses, DealStats Value Index (DVI) captured the 12-month snapshot on how earnings before interest, taxes, depreciation, and amortization (EBITDA) multiples have trended.

EBITDA 246

EBITDA 246

Viking Mergers

MARCH 25, 2022

Without proper direction, selling a business can quickly become overwhelming and chaotic. Organizing the process into concrete tasks will help keep priorities in order and ensure that important things don’t fall through the cracks. Selling a Business Checklist: #1 Gather Advisors. Find the following professionals to advise and assist you in the process of selling your business.

Business Valuation 245

Business Valuation Marketability EBITDA Finance 245

IVSC

MARCH 22, 2022

ANALYSIS OF ALIGNMENT BETWEEN THE IVS AND THE SPANISH ECO ORDER 805/2003. By Paloma Arnaiz (AEV) & Alexander Aronsohn (IVSC). The Asociación Española de Análisis de Valor (AEV) is the professional association that represents the Spanish Registered Valuation Companies that carry out around 85% of the valuations for regulated purposes in Spain. Founded in 2012, AEV supports the development of the valuation profession and professional practices that ensure the independence, transparency and tec

Compliance 244

Compliance Discounted Cash Flow Fair Market Value Liquidation Value 244

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

Mckinsey and Company

MARCH 25, 2022

McKinsey explores the latest evolution in healthcare and key changes facing US organizations around care delivery.

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Appraisers Blog

MARCH 7, 2022

The study also shows the appraisal was the LOWEST scored item on the list of discriminatory practices… On February 23, 2022, NAR published the “2022 Snapshot of Race and Home Buying in America” report. The study examines homeownership trends and challenges by race and location to explain current racial disparities in the housing market. Using data from the 2021 Profile of Home Buyers and Sellers, the report looks at the characteristics of who purchases homes, why they purchase, what they purchas

Comps 111

Comps Appraisal Marketability 111

BVR

MARCH 28, 2022

In today’s constantly changing and evolving economy, business valuators must have a firm grasp of the current state in order to successfully complete a business valuation engagement. The Economic Outlook Update (EOU), published by BVR, digests expansive research from leading authoritative sources into convenient monthly and quarterly reports. Get a sneak peek at the 4Q 2020 EOU with a few key economic performance components showing insights on gross domestic product (GDP), consumer spending, and

Business Valuation 246

Business Valuation 246

Viking Mergers

MARCH 18, 2022

Proper business exit planning means much more than just an owner trying to maximize the selling price of a business. Yes, selling for top dollar can certainly be one benefit of exit planning, but when done properly, there are additional layers of benefits to be found for not only the Seller, but also for the Buyer and for the business itself. Proper Business Exit Planning: 1.

Business Valuation 244

Business Valuation 244

IVSC

MARCH 29, 2022

This content is password protected. To view it please enter your password below: Password: The post Protected: Review: Valuing A Business “VAB” 6th Edition by Ray Moran appeared first on International Valuation Standards Council.

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Mckinsey and Company

MARCH 24, 2022

Our latest IT survey confirms the accelerating pace of at-scale core technology transformations. The road map for success reflects the practices and capabilities of leading companies.

Technology 145

Technology 145

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

Corporate Finance

Avanade

MARCH 31, 2022

With Microsoft Viva, Avanade employees get a virtual solution that brings together all their collaboration, productivity and workplace needs into one place.

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Harvard Corporate Governance

MARCH 30, 2022

Posted by Matteo Tonello, The Conference Board, Inc., on Wednesday, March 30, 2022 Editor's Note: Matteo Tonello is managing director of ESG at The Conference Board, Inc. This post is based on a The Conference Board/ESGAUGE memorandum, in collaboration with Russell Reynolds Associates and The Rutgers Center for Corporate Law and Governance, by Mr. Tonello, Paul Washington , and Merel Spierings.

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BVR

MARCH 28, 2022

Business valuation experts can find a great deal of useful information in the Business Reference Guide (BRG) by Tom West, which has been updated for 2021. Now in its 31st year, the book contains the latest industry-related information including pricing tips, benchmarking information with comparison data, industry resources, and general industry data on over 600 types of businesses, including franchises.

Business Valuation 246

Business Valuation 246

Viking Mergers

MARCH 24, 2022

Seller’s Discretionary Earnings Definition. Seller’s Discretionary Earnings (SDE) is a cash-flow-based estimate of the total financial benefit a full time owner-operator derives from the business on an annual basis. This measure helps compare the cash flows and values of businesses by “recasting” or “normalizing” their financial statements.

EBITDA 130

EBITDA Business Valuation Normalized Earnings Marketability 130

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

Marketability

IVSC

MARCH 23, 2022

Linda de Beer IVSC Trustee and Chair, PIOB Linda is a Chartered Accountant South Africa (SA), a Chartered Director SA and holds a Master’s degree in taxation. She is also a professor in practice (honorary) at the University of Johannesburg. She is an independent non-executive director and has been serving on the boards of South African listed companies for more than a decade.

Start-ups 130

Start-ups Banking 130

Mckinsey and Company

MARCH 25, 2022

Many companies’ enterprise resource planning systems, which house their most valuable data, are still too vulnerable.

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Appraisers Blog

MARCH 30, 2022

More great research from AEI. This is an analysis of Freddie Mac’s misleading and basically defamatory paper on Appraisal Gap. When government related entities release misleading information like this they are attacking and defaming real estate appraisers. The hate real estate appraisers have received because of this paper and Andre Perry’s paper is relentless.

Appraisal 105

Appraisal Finance 105

Harvard Corporate Governance

MARCH 28, 2022

Posted by David M. Silk, Sabastian V. Niles, and Carmen X. W. Lu, Wachtell, Lipton, Rosen & Katz, on Monday, March 28, 2022 Editor's Note: David M. Silk and Sabastian V. Niles are partners and Carmen X. W. Lu is counsel at Wachtell, Lipton, Rosen & Katz. This post is based on their Wachtell memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to

Equity 260

Equity 260

BVR

MARCH 28, 2022

In the May issue of the Economic Outlook Update (EOU), the publication added data highlighting the wholesale trade segment of the U.S. economy, putting a spotlight on the data the U.S. Census published. The report highlights the sales totals of merchant wholesalers for April 2021, which included adjustments for seasonal variations and trading day differences.

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244

Viking Mergers

MARCH 23, 2022

Dee and Maureen Hamilton had worked hard for many years building up their business, Hamilton Electric & Plumbing, based in Pawley’s Island, SC. After being asked by friends when they were going to retire, Dee and Maureen began to think about and discuss their plans for the future. Dee recognized that his knowledge about the process of selling his business was limited and he knew that he needed expert help and advice to navigate the process.

Business Valuation 130

Business Valuation Marketability 130

FE International

MARCH 23, 2022

This article is part of our Valuation by Business Model series, in which we provide you with information on what makes your particular business model unique when it comes to SaaS business valuation. For more in-depth reading on valuation, see our post How to Value a Website or Internet Business. To get your SaaS business valued for free, please fill in the main form on our Sell a Website page. .

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Mckinsey and Company

MARCH 7, 2022

McKinsey research shows that adoption of IoT technologies has increased exponentially the past five years—but successful implementation still eludes some. Here’s how to get it right.

Technology 142

Technology 142

Appraisers Blog

MARCH 18, 2022

Some Lenders promoting false “racist appraiser” narrative to optimize profits via AVMs Like most businesses lenders want to optimize their profits. One way to make more money besides charging more is to pay less in costs and fees. One way for the lender to do that is to pay the appraiser less or just get rid of them and use a free or very inexpensive Automated Valuation Method (AVM).

Appraisal 21

Appraisal 21

Harvard Corporate Governance

MARCH 28, 2022

Posted by Luca X. Lin (HEC Montreal), on Monday, March 28, 2022 Editor's Note: Luca X. Lin is Assistant Professor of Finance at HEC Montreal. This post is based on a recent paper authored by Mr. Lin; Miguel Anton , Associate Professor of Financial Management at IESE Business School; Jose Azar , Associate Professor of Economics at the University of Navarra; and Mireia Gine , Associate Professor of Financial Management at IESE Business School.

Finance 255

Finance 255

BVR

MARCH 28, 2022

Recent developments have put the spotlight squarely on projected financial information (PFI). The perception is that too many valuation experts simply accept projections and forecasts they’re given without applying enough scrutiny—or any scrutiny at all. Fortunately, there is some new guidance on how to examine and substantiate PFI you get from management or other third parties in BVR’s new Guide to Management Projections and Business Valuation: Analysis and Case Law.

Business Valuation 243

Business Valuation 243

Viking Mergers

MARCH 11, 2022

There can be significant tax implications on selling a business. Inevitably, you will pay taxes on the income of the sale, but there are some ways to minimize your taxes on selling a business so you can keep more in your pocket. Before we launch into different tax issues to consider when selling, the first step is to get a business valuation. This will tell you how much your business is worth.

Business Valuation 130

Business Valuation 130

Audit Board

MARCH 22, 2022

With businesses turning their attention toward environmental, social, and governance (ESG) initiatives, the need for consistent, transparent reporting has increased. The United Kingdom is leading the way by publishing an ESG regulatory requirement for public companies – the first major regulation in this area. This article will answer five of the biggest questions related to the main components of the legislation. .

Compliance 105

Compliance Technology 105

Mckinsey and Company

MARCH 15, 2022

After 40 years of development, what will it take for additive manufacturing to become more than a niche technology?

Technology 140

Technology 140

ThomsonReuters

MARCH 17, 2022

QUESTION: Our self-insured health plan would like to reduce required employee contributions for employees who do not use tobacco. Can the plan require employees who use tobacco to pay more than employees who do not use tobacco, even though both groups receive the same coverage? ANSWER: Under HIPAA’s health status nondiscrimination rules, a group health plan generally cannot require an employee to pay more for coverage than another similarly situated employee if the difference is based on a hea

105

105

Harvard Corporate Governance

MARCH 27, 2022

Posted by Haimavathi V. Marlier, Jina Choi, and Michael D. Birnbaum, Morrison & Foerster LLP, on Sunday, March 27, 2022 Editor's Note: Haimavathi V. Marlier , Jina Choi , and Michael D. Birnbaum are partners at Morrison & Foerster LLP. This post is based on their Morrison & Foerster memorandum. In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with lin

Compliance 247

Compliance Equity 247

BVR

MARCH 28, 2022

In BVR’s recent webinar, Cryptocurrency Fraud and Forensics: What Valuation Professionals Need to Know, forensic and cryptocurrency experts Katerina Gaebel and Mark DiMichael, both of Citrin Cooperman, covered various hot topics on fraud and forensic accounting issues in digital assets and how they affect the business valuation profession. Here, we summarize five key areas where one would find proof of crypto asset fraud in a marital dispute, including interviews, tax returns, bank accounts, cre

Business Valuation 242

Business Valuation Banking 242

Viking Mergers

MARCH 4, 2022

We receive many questions about various aspects of selling a business, from valuation methods to taxes on selling a business to when to tell employees you are selling. Another important consideration: “What happens to cash when selling a business?”. Normally, cash is not included as an asset when selling a business. This means the business owner (Seller) keeps all cash when selling a business, including petty cash, money in bank accounts, and cash equivalents.

Banking 130

Banking 130

Accounting Web

MARCH 25, 2022

Practice Why Female Leadership and Innovation Matter.

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102

Mckinsey and Company

MARCH 15, 2022

French companies want executives with diverse national origins and socioeconomic backgrounds. But they have had uneven success in achieving this goal.

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140