Harvard Corporate Governance

JUNE 15, 2022

Posted by Stephan Siegel (University of Washington), on Wednesday, June 15, 2022 Editor's Note: Stephan Siegel is Professor of Finance and Business Economics at the University of Washington. financial markets and shareholders assess the dispersion in pay between a firm’s top executives and rank-and-file employees.

Equity 225

Equity Marketability Finance 225

Harvard Corporate Governance

JULY 29, 2024

Posted by Michael Eisenband, FTI Consulting, on Monday, July 29, 2024 Editor's Note: Michael Eisenband is Global Co-Leader of Corporate Finance & Restructuring at FTI Consulting. This post is based on his FTI Consulting memorandum. The recent Chapter 11 filing of Fisker, Inc.,

Marketability 251

Marketability Corporate Finance Finance Equity 251

Harvard Corporate Governance

FEBRUARY 8, 2024

Widely held concerns about inflation, rising interest rates, and a possible recession combined to slow debt financing and deal activity in the first half of 2023. Private equity sponsors, in particular, held back on debt-financed leveraged buyouts while watching to see whether interest rates (or business valuations) would fall.

Finance 129

Finance Debt Financing Marketability Business Valuation 129

Harvard Corporate Governance

APRIL 19, 2022

Posted by Burcin Yurtoglu (WHU Otto Beisheim School of Management), on Tuesday, April 19, 2022 Editor's Note: Burcin Yurtoglu is Chair of Corporate Finance at WHU Otto Beisheim School of Management. In our paper, How Useful are Commercial Corporate Governance Ratings in Emerging Markets? , Yurtoglu; Bernard S. Black , Nicholas D.

Marketability 219

Marketability Corporate Finance Finance Firm Value 219

Global Finance

JUNE 6, 2024

For years, alternative financing models have been changing the way companies access cash. Now, fintech is offering innovations, from subscription and fee-based online lending marketplaces to blockchain, that are changing the alternative financing landscape itself. trillion in 2024 and forecast that it will reach $5.3

Finance 124

Finance Banking Equity Technology 124

Harvard Corporate Governance

OCTOBER 2, 2023

Investors may have incentives to keep secret these activities to maintain their trading advantage over the market. This post is based on their paper forthcoming in The Review of Financial Studies. Site visits are considered costly and significant activities for investors to acquire information.

Marketability 218

Marketability Finance Technology 218

Harvard Corporate Governance

FEBRUARY 21, 2023

Merton (1970) Professor of Finance at MIT Sloan School of Management, Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance at MIT Sloan School of Management, and Yang Sun is Assistant Professor of Finance at Brandeis International Business School. model portfolios).

Marketability 210

Marketability Finance Equity 210

Harvard Corporate Governance

AUGUST 13, 2024

Introduction Publicly traded firms face pressure from equity market investors with short investment horizons. This post is based on their recent article published in the Journal of Financial Economics. This post is based on their recent article published in the Journal of Financial Economics. more…)

Finance 273

Finance Equity Marketability 273

Harvard Corporate Governance

MAY 23, 2023

Reddy is an Associate Professor of Finance at the University of Cambridge. As private corporations have found it easier in recent years to raise capital from the private markets, the number of public firms listed on U.S. peers on at least one significant measure – the market capitalization to Gross Domestic Product (“GDP”) ratio.

Equity 213

Equity Marketability Market Capitalization Finance 213

Harvard Corporate Governance

JANUARY 25, 2023

Our Goals Protecting the Investing Public; Maintaining a Robust, Relevant Regulatory Framework; Supporting a Skilled and Diverse Workforce The United States has the largest, most sophisticated, and most innovative capital markets in the world. capital markets represent about 40 percent of the global capital market.

Finance 292

Finance Banking Marketability Technology 292

Harvard Corporate Governance

APRIL 16, 2024

Posted by Jun Qian (Fudan University), on Tuesday, April 16, 2024 Editor's Note: Jun Qian (QJ) is Professor of Finance and Executive Dean at the Fanhai International School of Finance (FISF), Fudan University. The second most popular external IPO destination for Chinese firms is the US.

Marketability 157

Marketability Finance Market Capitalization Banking 157

Global Finance

JANUARY 22, 2025

In todays fast-paced and rapidly-changing world, it has become more important than ever for businesses to be agile and adapt to shifting market conditions and dynamics. Supply chain financing is a case in point. Digitalisation can also play a key role in creating more predictability in financing.

Finance 52

Finance Treasury Banking Marketability 52

Harvard Corporate Governance

MARCH 27, 2024

Time to rethink retirement When my mom passed away in 2012, my dad started to decline quickly, and my brother and I had to go through my parents’ bills and finances. My dad invested because he knew that whatever money he put in the bond or stock markets would likely grow faster than in the bank. Fink’s annual letter to investors.

Finance 64

Finance Banking Marketability 64

Harvard Corporate Governance

JANUARY 22, 2025

Insiders sales and purchases are considered by the market to be important signals about a firms prospects such that those trades are often followed by other market participants. This post is based on their recent paper.

Data Analysis 111

Data Analysis Corporate Finance Finance Marketability 111

Global Finance

AUGUST 13, 2024

The first of five parts of a Global Finance FAQ web series on Islamic finance. In just a few decades, Islamic finance has established itself as a significant player in global finance. What Is Islamic Finance? Islamic finance hardly existed 30 years ago yet today is a $3.96 What makes Islamic finance special?

Finance 116

Finance Banking Marketability 116

Harvard Corporate Governance

JULY 17, 2023

In a recent Harvard Law School Forum on Corporate Governance post we drew attention to declining equity markets in the United Kingdom and canvassed various possible explanations for the trend. The UK has, the United States aside, a uniquely well-developed equity market, with origins traceable back to the 16 th century.

Marketability 189

Marketability Equity Finance 189

Harvard Corporate Governance

JULY 18, 2022

This post is based on his recent paper , forthcoming in the Journal of Law, Finance, and Accounting , and also draws from his recent book, Missing the Target: Why Stock Market Short-Termism Is Not the Problem (Oxford University Press, 2022). Roe is David Berg Professor of Business Law at Harvard Law School.

Marketability 201

Marketability Finance 201

Harvard Corporate Governance

JANUARY 20, 2025

Starks (The University of Texas at Austin), and Moritz Wagner (University of Canterbury), on Monday, January 20, 2025 Editor's Note: Jedrzej Bialkowski is a Professor of Finance at University of Canterbury, Laura T. This post is based on their recent paper. a little less than 5%.

Finance 120

Finance Equity Marketability 120

Mckinsey and Company

JULY 15, 2024

Europe’s embedded-finance market is growing at double-digit rates. It is becoming increasingly important for banks, merchants, and other customer platforms to participate.

Finance 111

Finance Banking Marketability 111

Trout CPA

JULY 11, 2024

Written by Randall Weaver, CPA As a real estate investor, maximizing your investment returns while effectively managing tax liabilities can free up cash, and “cash is king” in the current credit market. One strategy that can offer financial and tax advantages is installment sales, often coupled with seller financing.

Finance 105

Finance Marketability 105

Musings on Markets

AUGUST 19, 2024

In fact, the business life cycle has become an integral part of the corporate finance, valuation and investing classes that I teach, and in many of the posts that I have written on this blog. In 2022, I decided that I had hit critical mass, in terms of corporate life cycle content, and that the material could be organized as a book.

Corporate Finance 119

Corporate Finance Finance Start-ups Dividends 119

Global Finance

JULY 29, 2024

The surge in collaborative deals between traditional banks and fintech disrupters is helping finance houses develop deeper competence in next-generation digital and artificial intelligence offerings across core areas such as risk management, data analytics, robo-advisors, portfolio management, and fraud detection and prevention.

Finance 105

Finance Banking Marketability Corporate Finance 105

Harvard Corporate Governance

SEPTEMBER 22, 2022

As activity—still at impressive levels considering everything that has been thrown at the deal market—takes a breather, we consider five fundamental trends that may play out over the coming months. Rates and financing costs to increase.

Finance 244

Finance EBITDA Equity Marketability 244

Viking Mergers

APRIL 24, 2023

For some, the numbers make sense to go to market now. Most banks won’t risk financing an acquisition loan for a business with more than 20% of total sales from one customer. So ensure before going to market that you are accurately tracking your inventory and have an inventory management system in place.

Marketability 244

Marketability Business Valuation Comps Compliance 244

Harvard Corporate Governance

FEBRUARY 2, 2024

corporate bond market, holding approximately $1.5 This post is based on their working paper. Bebchuk and Scott Hirst; and The Limits of Portfolio Primacy (discussed on the Forum here ) by Roberto Tallarita. In the last decade, investment in corporate bonds has seen a surge through bond mutual funds.

Corporate Finance 284

Corporate Finance Finance Equity Marketability 284

Global Finance

AUGUST 1, 2024

Corporate finance experts say going public is cool this summer; that’s not the case for a billionaire hedge fund manager’s overhyped IPO. When valuations shift so drastically, it’s usually due to “a major event” or “a failed deal, or even a market correction,” Carl Niedbala, co-founder of risk management firm Founder Shield, said. “It’s

Marketability 122

Marketability Finance Corporate Finance 122

Global Finance

JANUARY 2, 2025

Baruch Lev is Philip Bardes professor emeritus of Accounting and Finance, Kaufman Management Center, Leonard N. They discuss their findings, and the lessons they drew for would be acquirers, with Global Finance. Global Finance: Why did you write this book now? Stern School of Business at New York University. Look ahead!

Finance 124

Finance Start-ups Technology Corporate Finance 124

Harvard Corporate Governance

AUGUST 14, 2024

Posted by Zacharias Sautner (University of Zurich), on Wednesday, August 14, 2024 Editor's Note: Zacharias Sautner is a Professor of Sustainable Finance at the University of Zurich. However, the link between biodiversity and finance has received little attention by academics.

Finance 225

Finance Banking Marketability 225

Mckinsey and Company

JANUARY 18, 2024

US mortgage lenders rethinking their value proposition for a constrained market should weigh five key actions to sustain growth in mortgage financing for home purchases.

Marketability 128

Marketability Finance Banking 128

Harvard Corporate Governance

MAY 22, 2023

Myers-Horn Family Professor of Finance at MIT Sloan School of Management, and Igor Makarov is Associate Professor of Finance at the London School of Economics and Political Science. UST was marketed as the first genuine crypto-native stablecoin and was a distinguishing feature of the Terra network.

Treasury 248

Treasury Finance Technology Marketability 248

Harvard Corporate Governance

JUNE 27, 2023

It is no exaggeration to say that over its roughly forty-year history, private equity has revolutionized both corporate finance and corporate governance. Understanding how private equity funds themselves are structured and incentivized is therefore crucial for understanding how the private equity industry behaves and affects global finance.

Corporate Finance 225

Corporate Finance Finance Equity Marketability 225

Global Finance

AUGUST 6, 2024

Daniel Labovitz, the former NYSE head of regulatory policy, is swapping the traditional stock market blues for a greener pasture. As the CEO of the Green Impact Exchange (GIX), he aims to introduce the first US stock market exclusively focused on the $50 trillion-plus global green economy. And it’s a global initiative, too.

Marketability 119

Marketability Total Shareholder Return Finance Corporate Finance 119

Harvard Corporate Governance

JANUARY 18, 2024

However, a significant shift has occurred in this market since the mid-2000s. This post is based on their paper. Related research from the Program on Corporate Governance includes Why Firms Adopt Antitakeover Arrangements by Lucian A.

Finance 284

Finance Marketability 284

Harvard Corporate Governance

JANUARY 9, 2023

Volatile global financial markets and recessionary fears have led to declining boardroom confidence and a decrease in deal activity from 2021’s record levels but are still healthy by historical standards. In a down market, buyers may find opportunities to acquire appealing targets that were previously out of reach. Key Points.

Finance 225

Finance Marketability Banking 225

Harvard Corporate Governance

AUGUST 18, 2022

Posted by Kristina Minnick (Bentley University), on Thursday, August 18, 2022 Editor's Note: Kristina Minnick is Stanton Professor of Finance at Bentley University. Starks , Professor of Finance at the University of Texas at Austin McCombs School of Business. This post is based on a recent paper by Professor. more…).

Finance 236

Finance Marketability 236

Harvard Corporate Governance

JUNE 14, 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. This post is based on their recent paper.

Finance 240

Finance Marketability 240

Musings on Markets

DECEMBER 11, 2024

I like to make a difference : I do not expect my students to agree with all or even much of what I have to say, but I would like to think that I sometimes change the way they think about finance, and perhaps even affect their choice of professions.

Corporate Finance 120

Corporate Finance Finance Start-ups Appraisal 120