Andrew Stolz

JUNE 4, 2020

This is a Valuation Master Class student essay by Teeradon Piyakiattisuk from 31 May, 2019. Teeradon wrote this essay in Module 3 of the Valuation Master Class. The world has become globalized; companies who have cross-border activities are engaged in currency exposure. As everyone knows the fact that the currency exchange rate is highly volatile. Multinational companies may confront a loss of revenue when incomes from foreign subsidiaries converted to the home currency.

Banking 52

Banking Marketability 52

Appraisal Rights

JUNE 2, 2020

Does increased appraisal risk have an effect on manager behavior? Recent research (unpublished) suggests it does. In this paper (earlier version), the author examines target manager disclosure behavior before and after the significant Transkaryotic decision. Reviewing mergers before and after that merger, the returns, abnormal returns, and associated disclosures by target management, the author concludes that “target managers’ disclosure strategies respond to increased appraisal risk.

Appraisal 52

Appraisal Marketability 52