Musings on Markets

FEBRUARY 8, 2022

Risk and Hurdle Rates In investing and corporate finance, we have no choice but to come up with measures of risk, flawed though they might be, that can be converted into numbers that drive decisions. In corporate finance, this takes the form of a hurdle rate , a minimum acceptable return on an investment, for it to be funded.

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

Musings on Markets

JANUARY 12, 2021

Corporate Finance : Corporate finance is the development of the first financial principles that govern how to run a business. It is that mission that makes corporate finance the ultimate big picture class, one that everyone (entrepreneurs, investors, analysts, business observers) should take.

Corporate Finance 52

Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

JANUARY 5, 2024

In my corporate finance class, I describe all decisions that companies make as falling into one of three buckets – investing decisions, financing decision and dividend decisions. Beta & Risk 1. Financing Flows 5. Return on Equity 1. Debt Ratios & Fundamentals 1. Debt Details 1. Buybacks 2. Tax rates 4.

Dividends 107

Dividends Risk Premium Equity Book Value 107

Musings on Markets

JANUARY 31, 2024

In fact, that objective of value maximization drives every aspect of the business, as can be seen in this big picture perspective in corporate finance: For some companies, especially mature ones, value and profit maximization may converge, but for most, they will not.

Equity 83

Equity Book Value Start-ups Corporate Finance 83

Musings on Markets

JANUARY 6, 2023

Check rules of thumb : Investing and corporate finance are full of rules of thumb, many of long standing. The second is that in my line of work, which is corporate finance and valuation, the numbers I need lie in micro or company-level data, not in the macro space. Cost of Equity 1. PE & PEG 2. Cost of Debt 2.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Brian DeChesare

AUGUST 31, 2022

Lazard Rathmore has some performance stats for the strategy between 2012 and 2021 here: Convertible arbitrage is similar to merger arbitrage : it won’t outperform a buy-and-hold strategy on an equity index over many decades…. Convertible Securities: A Complete Guide to Investment and Corporate Financing Strategies.

Banking 89

Banking Risk-free Rate Equity Start-ups 89

Appraiser Newsroom

JUNE 4, 2024

Claiborne is active in many organizations including the American Society of Appraisers, serving as Governor of the International Board of Governors 2003-2007, Association for Corporate Growth, Isidore Newman School, American Red Cross, and the Agenda for Children. Dr. Everett also has an M&A Advisory and business valuation practice.

Business Valuation 59

Business Valuation Intangible Assets Appraisal Finance 59