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UK chip designer Arm valued at $51 a share ahead of Wall Street IPO

The Guardian M&A

British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBank The British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday. shares, raising $4.87bn for Softbank.

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Do Meritless Whistleblower Claims Hurt Companies and Shareholders?

Reynolds Holding

Ceresney 2016). Consequently, meritless whistleblowing may lead to greater monitoring, which can deter financial reporting manipulation and increase firm value. To investigate these possibilities, we obtain a sample of whistleblower cases filed between 2010 to 2016 from the Occupational Safety and Health Administration (OSHA).

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How Private Rights of Action in Securities Laws Affect the Capital Markets

Reynolds Holding

Few topics in the corporate and securities law literature are as controversial as securities class actions – that is, actions in which shareholders of public firms seek to collectively obtain compensation for damages resulting from false or misleading statements in corporate disclosures.

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Does Firm Strategy Explain the Growing Gap between CEO and VP Pay?

Reynolds Holding

Third, a large pay gap could simply reflect inadequate internal governance of the firm, which will benefit the entrenched CEO but is detrimental to firm value. VP pay differentials are associated with firms’ strategy, as strategy is a significant consideration when a firm decides to promote or otherwise reward its executives.

Equity 45
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The Challenges of Succeeding a Long-Tenured CEO

Reynolds Holding

legacy-enhancing projects that are not necessarily the most value enhancing for shareholders). Several other studies note that CEO tenure is linked to a firm’s choice of investment (Weisbach, 1995; Pan et al, 2016). CEO tenure and firm value, The Accounting Review 96 (6): 47-71. Brochet, F., Limbach, P.,

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How the Balance of Power Is Changing in the Resolution of Corporate Financial Distress

Reynolds Holding

All told, sponsor-backed companies have executed 18 of 19 such hardball priming transactions since 2016. Smith & Amir Sufi, Creditor Control Rights, Corporate Governance, and Firm Value , 25 Rev. Smith & Amir Sufi, Creditor Control Rights and Firm Investment Policy , 92 J. 2016) (unpublished manuscript).

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How Algorithmic Trading Affects What Directors Learn from Stock Prices

Reynolds Holding

Investors make costly efforts to acquire and trade on information that affects firm value, and that information should include CEO performance and any conflicts between the CEO and the company. We find that the adverse effect of poor stock-price performance on the likelihood of forced CEO turnover (i.e.,