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How the Rise of Corporate Debt in Emerging Economies Affects Corporate Investment

Reynolds Holding

Debt in emerging economies climbed to a record high of $55 trillion in 2018, illustrating the largest and fastest surge in the last five decades. Overinvestment, by contrast, is related to excess free cash flows that managers allocate to negative net-present-value projects to derive personal benefits from enlarging the firm (e.g.,

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Does the Threat of Securities Class Actions Add Value for Shareholders? Evidence from China

Reynolds Holding

Fourth, SCA can reduce management incentives to undertake positive net present value (NPV) investments that are innovative but risky and increase the difficulty of attracting and retaining high-caliber outside directors. 2000; Rizzo, 2018) that indicate increasing the threat of SCA reduces shareholder value.

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Issues faced when valuing a declining company

Andrew Stolz

This is a Valuation Master Class student essay by Lim Lee Bin from June 16, 2018. When used to value a declining company, analysts will face special challenges as the characteristics of a declining company will cause some of the valuation model’s assumptions to break down.

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ESG Valuation Considerations – Top Down or Bottom Up?

Value Scope

“The notion that we can come together and we can get our regulator to focus on an amorphous set of qualities other than the long-term financial value of a corporation, I think we’re fooling ourselves,” she said that day on CNBC’s Squawk on the Street. In 2018, the number was about $5 billion. Do ESG programs impact firm value?

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Moonshots

Reynolds Holding

Managers who anticipate these agency problems won’t invest in a moonshot even if they believe it has a positive net present value. Then in 2018, GM decided to experiment with a new structure. The second is a motivation problem : Managers can’t give their employees the right incentives to bring the technology to market.

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Rethinking the Value and Emission Implications of Green Bonds

Reynolds Holding

Using a general equilibrium model, Glamsrod and Wei (2018) argued that green investing can reduce global coal consumption, increase the market share of non-fossil electricity, and reduce global CO 2 emissions. The other crucial question is whether green bonds actually lead to environmentally friendly outcomes.

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ESG A Valuation Framework

Value Scope

The notion that we can come together and we can get our regulator to focus on an amorphous set of qualities other than the long-term financial value of a corporation, I think we’re fooling ourselves,” said Commissioner Peirce on CNBC’s Squawk on the Street. . In 2018, the number was about $5 billion. “The These are fair questions.