Business Valuation Zone

Do Investors Care About Impact?

Harvard Corporate Governance

JUNE 8, 2023

Bebchuk and Roberto Tallarita ; How Much Do Investors Care about Social Responsibility? Do investors care about impact? Yes, in the same way, they care about pandas. We provide this answer in our paper «Do Investors Care About Impact?”, People care a lot about pandas, no doubt. more…)

Finance

What boards should know about balancing ESG critics and key stakeholders

Harvard Corporate Governance

APRIL 9, 2023

Environmental, social and governance (ESG) topics are often discussed as if there is a collective understanding about what they mean. The use of ESG as an umbrella term for so many topics has led to misperceptions and, at times, controversy about whether focusing on certain risks and opportunities violates duties to investors.

Four Facts About ESG Beliefs and Investor Portfolios

Harvard Corporate Governance

APRIL 28, 2023

Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian Bebchuk and Roberto Tallarita; How Much Do Investors Care about Social Responsibility? A third question elicits investors’ level of concern about climate change. more…)

Finance

Finance Marketability Equity

About 1,500 Empirical Studies Apply the BCF Entrenchment Index

Harvard Corporate Governance

MARCH 6, 2023

According to Google Scholar citations data, as of the beginning of 2023, the BCF Study was cited by about 3,500 research papers (listed here ). Furthermore, a review of these research papers has identified about 1,500 studies that have applied the E-Index and used it in their empirical analysis.

Finance

Musings and Questions about the Universal Proxy Card

Harvard Corporate Governance

MARCH 6, 2023

Many have written, spoken and warned about the consequences of Federal Proxy Rule §14a-19 that requires all parties in contested elections to use universal proxy cards (“UPCs”) that list all director nominees presented for election at a shareholder meeting. Bebchuk and Scott Hirst.

How Much Do Investors Care About Social Responsibility?

Harvard Corporate Governance

OCTOBER 24, 2022

Our recent paper , How Much Do Investors Care about Social Responsibility?, And more broadly, do market participants, such as investors and consumers, differ from donors in the ways in which they prioritize monetary gains and the promotion of social goals?

Marketability

About the SEC’s Climate Proposal

Harvard Corporate Governance

SEPTEMBER 14, 2022

About the proposal. Bebchuk, Kobi Kastiel, and Roberto Tallarita; and Restoration: The Role Stakeholder Governance Must Play in Recreating a Fair and Sustainable American Economy—A Reply to Professor Rock (discussed on the Forum here ) by Leo E. Strine, Jr. The comment period closed on June 17.

Compliance

Antitrust Enforcers Warn FERC About Ownership Overlaps

Law 360 M&A

APRIL 25, 2024

Department of Justice warned energy regulators Thursday about competitive risks that can arise from investment firms that own stakes in multiple electric utilities, even if they don't have controlling interests. The Federal Trade Commission and the U.S.

What to Know About the SEC’s ESG Investing Rule Proposals

Harvard Corporate Governance

AUGUST 17, 2022

million fine to the SEC to settle allegations that the firm made misleading claims about ESG funds it managed. asset managers are right to be wary: the raids in Germany came just days after the U.S. The same week the proposed rules were released, the SEC announced that BNY Mellon Investment Adviser, Inc. agreed to pay a $1.5 more…).

Banking

Banking Marketability

Rules From the Kitchen That Will Change the Way You Talk About ESG

Harvard Corporate Governance

AUGUST 16, 2023

Bebchuk and Roberto Tallarita ; How Much Do Investors Care about Social Responsibility? Managers must balance being specific in response to ESG queries, considering their stakeholders, and avoiding the risks associated with saying too much or too little about their policies and practices.

Marketability

What Recent Study Shows About AI's Promise For Legal Tasks

Law 360 M&A

MARCH 15, 2024

Amid both skepticism and excitement about the promise of generative artificial intelligence in legal contexts, the first randomized controlled trial studying its impact on basic lawyering tasks shows mixed but promising results, and underscores the need for attorneys to proactively engage with AI, says Daniel Schwarcz at University of Minnesota Law (..)

What Nonprofits Need to Know About Functional Expenses

Gross Mendelsohn

FEBRUARY 6, 2024

These changes were meant to provide financial statement reviewers, such as donors and lenders, with more relevant information about the status of an organization's current and future resources. One key change brought about by this ASU relates to the presentation of a nonprofit’s expenses.

Do Equity Markets Care About Income Inequality? Evidence from Pay Ratio Disclosure

Harvard Corporate Governance

JUNE 15, 2022

Stagnant middle-class wages but rapidly-increasing incomes by high earners have led to a growing debate about income inequality in the U.S. Aversion to inequality could be self-centered or reflect concerns about future economic growth or stability in broader society. However, it is largely unknown how U.S.

Equity

Equity Marketability Finance

What directors need to know about the 2024 proxy season

Harvard Corporate Governance

FEBRUARY 14, 2024

Posted by Jamie Smith, EY, on Wednesday, February 14, 2024 Editor's Note: Jamie Smith is EY Americas Center for Board Matters Investor Outreach and Corporate Governance Director. This post is based on an EY memorandum by Ms. Smith and Kris Pederson.

What The First Universal Proxy Card Contests Say About the Future of Activism

Harvard Corporate Governance

APRIL 19, 2023

Because only validly nominated candidates must be included on a universal proxy card, advance notice provisions are even more important for companies to obtain relevant information about dissidents and their candidates and ensure that dissidents comply with the requirements of the new rules.

Start-ups

Start-ups Marketability

How Boards Should Be Thinking about the Supreme Court’s SFFA Affirmative Action Decision

Harvard Corporate Governance

FEBRUARY 14, 2024

Posted by Francesca L. Odell, Jennifer Kennedy Park, and Charity E. Lee, Cleary Gottlieb Steen & Hamilton LLP, on Wednesday, February 14, 2024 Editor's Note: Francesca L. Odell and Jennifer Kennedy Park are Partners, and Charity E. Lee is Counsel at Cleary Gottlieb Steen & Hamilton LLP.

Schumer Seeks More Data, Details About Capital One Deal

Law 360 M&A

APRIL 8, 2024

Senate Majority Leader Chuck Schumer said Monday that he has requested more information about Capital One and Discover Financial Services' planned $35.3 billion merger, including data on the interest rates they charge and details about any potential layoffs that could stem from the deal.

Find out about the proposed updates to IVS!

IVSC

FEBRUARY 10, 2023

Nick Talbot IVSC Chief Executive Register here to receive an update when the Exposure Draft is launched The post Find out about the proposed updates to IVS! We are excited to share the latest proposed updates and look forward to gathering feedback as part of our consultation process.

Marketability

Marketability Business Valuation

Here’s What You Should Know About Intellectual Property Valuation

Chris Curtain

SEPTEMBER 1, 2022

The post Here’s What You Should Know About Intellectual Property Valuation appeared first on Business Appraisal FL | GA. As a result, firms are coming to terms with the fact that intellectual property (IP) increasingly comprises the bulk […].

Appraisal

Appraisal Technology

What you need to know about small business valuations

Chris Curtain

AUGUST 10, 2022

The post What you need to know about small business valuations appeared first on Business Appraisal FL | GA. For some individuals, doing so represents the opportunity to create an enterprise with growth potential. For others, it reflects the chance to build a valuable asset for themselves and generations to follow.

Business Valuation

Business Valuation Appraisal

FAQs About QuickBooks

Machen McChesney

JANUARY 9, 2023

If you decide to use QuickBooks for your bookkeeping needs, you may have questions about implementation and using it to run your operations. Almost 40 years after its launch, QuickBooks® remains the leading accounting software program for small and medium-sized businesses.

What to Know About the TikTok Ban Legislation

NYT M&A

MARCH 13, 2024

The House plans to vote on Wednesday on a bill that would force TikTok’s Chinese parent to sell the popular social media app.

Mergers & Acquisitions

Mergers & Acquisitions Technology

Seeking Common Ground in the Politicized Debate About ESG

Harvard Corporate Governance

AUGUST 10, 2023

Posted by Robert G. Eccles (Oxford University), on Thursday, August 10, 2023 Editor's Note: Robert Eccles is Visiting Professor of Management Practice at Oxford University Said Business School. This post is based on the author’s academic commentary on the HFSC hearing: “Examining Environmental and Social Policy in Financial Regulation.”

Five Questions Boards Should Ask About the War in Ukraine

Harvard Corporate Governance

APRIL 5, 2022

Posted by Matteo Tonello, The Conference Board, Inc., on Tuesday, April 5, 2022 Editor's Note: Matteo Tonello is Managing Director of ESG Research at The Conference Board, Inc.

Compliance

Compliance Banking Technology Marketability

Tristan Tahmaseb Talks to the St. Louis Business Journal about the Sale of ITR to Crowe

Butcher Joseph & Co.

APRIL 24, 2024

Louis Business Journal about the Sale of ITR to Crowe appeared first on ButcherJoseph & Co. Louis-based ButcherJoseph & Co., a boutique investment banking firm, served as the exclusive adviser to ITR Economics on its sale to Crowe. The post Tristan Tahmaseb Talks to the St.

Banking

Do Consumers Care About ESG? Evidence from Barcode-Level Sales Data

Harvard Corporate Governance

OCTOBER 5, 2023

Posted by Jean-Marie Meier (University of Pennsylvania), on Thursday, October 5, 2023 Editor's Note: Jean-Marie Meier is a Visiting Assistant Professor of Finance at The Wharton School, University of Pennsylvania, and Assistant Professor of Finance at the University of Texas at Dallas – Naveen Jindal School of Management.

Finance

Finance Firm Value

Can managers be taught to care about their people?

JPAbusiness

SEPTEMBER 26, 2023

"Great business leaders truly care about their people as much as they care about the output their people produce." Can a business leader be 'taught to care' about their people? That's the view of international executive coach Kevin Catlin. In our ebook, Surfer dudes, janitors and the Ritz-Carlton , we asked Kevin: Q.

An open letter about the definition of risk

Norman Marks

APRIL 15, 2024

I have been open for years about my preference for the ISO:31000 global risk management standard over the COSO products. (I I first explained my position at Alex Dali’s ISO 31000 Conference in Paris in 2011.) Back then, we had the 2009 version, which included a definition of risk and a set of principles. The definition […]

What’s “Controversial” About ESG? A Theory of Compelled Commercial Speech under the First Amendment

Harvard Corporate Governance

JUNE 17, 2022

My paper, What’s “Controversial” About ESG? It makes rules about what companies and investors must say to one another. A Theory of Compelled Commercial Speech under the First Amendment , analyzes these questions. The SEC is, at its core, a regulator of speech.

It’s Not About the Mangos: Focus on People

Auto Dealer Valuation Insights

MARCH 22, 2024

With school in the home stretch and summer just around the corner, I wanted to share some insights I learned from reading “It’s Not About the Mangos” by Kent Coleman. The book’s setting revolves around a successful tire repair shop that Kent bought and the bumpy first few years he experienced.

What You Need to Know about the IRS Business Valuation Guidelines

Chris Curtain

AUGUST 3, 2022

The post What You Need to Know about the IRS Business Valuation Guidelines appeared first on Business Appraisal FL | GA. Often, such valuations are conducted at the onset of a financing or tax event within the business lifecycle. The IRS has specific business valuation guidelines for taxing purposes.

Business Valuation

Business Valuation Appraisal Finance

Getting Serious About Stakeholders

Reynolds Holding

MARCH 6, 2024

Empirically, in July 2023, the companies listed on the NYSE and Nasdaq employed an estimated 47.226 million people (about 41.317 million if the count is limited to listed companies with U.S. It is based on his recent article, “Getting Serious About Stakeholders,” available here. A virtuous cycle results. headquarters). headquarters).

Total Shareholder Return

Total Shareholder Return Marketability

Thinking about risk appetite and risk appetite statements

Norman Marks

MARCH 28, 2024

I have written a lot over the years about risk appetite and the value of risk appetite statements, both here on this blog and also in my books, especially World-Class Risk Management (2015) and Risk Management in Plain English: A Guide for Executives, Enabling Success through Intelligent and Informed Risk-Taking (2018).

Compliance

7 Common Myths About Lateral Partner Moves

Law 360 M&A

FEBRUARY 29, 2024

As lateral recruiting remains a key factor for law firm growth, partners considering a lateral move should be aware of a few commonly held myths — some of which contain a kernel of truth, and some of which are flat out wrong, says Dave Maurer at Major Lindsey.

Sibos 2023: 4 things banks are saying about GenAI

Avanade

OCTOBER 9, 2023

Read more about the four themes we spotted at Sibos 2023 with the major topic of discussion being generative AI.

Banking

Luxury retail is about ‘emotions, not transactions’

Mckinsey and Company

FEBRUARY 27, 2024

The physical shopping experience matters more than ever, says Value Retail founder Scott Malkin, whose company owns some of the world’s best-performing luxury shopping destinations.

Bookkeeping Red Flags and What To Do About Them

Redpath

MARCH 19, 2024

Bookkeeping is strategically important for every business because financials form the foundation for daily operations and future planning. Identifying and correcting bookkeeping problems allows you to find and fix problems before they escalate so you can move forward with confidence.

What China Is Saying About the TikTok Furor in Washington

NYT M&A

MARCH 15, 2024

A bill to force TikTok’s sale in the United States has been criticized by Beijing but has not triggered a high-alert public response or retaliation.

Mergers & Acquisitions

Mergers & Acquisitions Technology Marketability

Comment on Foregoing Contingencies! But What About Fiduciary Duty? by don

Appraisers Blog

JULY 11, 2023

Eleven plus my grandfather bought 80 acres just outside of Bakersfield California when a grand scheme was ongoing about reserve oil for the Navy. One of the members kept up the taxes for about 60 years, finally hiring an attorney to separate the lands into those who would pay. The ownership had multiplied as estates passed on.

Appraisal

What Bankers Need to Know About NIST 2.0

N Contracts

MARCH 21, 2024

The National Institute of Standards and Technology (NIST) Cybersecurity Framework is the gold standard for cybersecurity – and it’s undergone its first major update since it was released in 2014. What does NIST 2.0 mean for financial institutions that rely on NIST ’s framework to reduce cybersecurity risk?

Technology

What early-stage investing reveals about biotech innovation

Mckinsey and Company

DECEMBER 12, 2023

Public funding for biotech remains tenuous, but in 2022 and 2023 venture capitalists have continued to pour money into innovative platforms that could revolutionize the sector.

Musk Can't Dodge SEC Questions About $44B Twitter Buy

Law 360 M&A

FEBRUARY 12, 2024

Securities and Exchange Commission to testify about his $44 billion purchase of the social media platform formerly known as Twitter, waving off the billionaire's assertions that the agency was harassing him via a series of seemingly endless investigations. A California federal judge has told Elon Musk that he must appear before the U.S.

What to know about Form 4562: Depreciation and Amortization

ThomsonReuters

DECEMBER 1, 2023

Learn about amortization schedules, bonds payable, bond calculation methods, and more. The post What to know about Form 4562: Depreciation and Amortization appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Blog What is bond amortization?

Intangible Assets

The truth about Truth Social’s finances

Financial Times M&A

APRIL 1, 2024

Plus, the Everton FC bidder’s latest wrinkle in Bermuda and India gears up to benefit from Chinese VC pullback

Finance

Do Investors Care About Impact?

What boards should know about balancing ESG critics and key stakeholders

Trending Sources

Four Facts About ESG Beliefs and Investor Portfolios

About 1,500 Empirical Studies Apply the BCF Entrenchment Index

Musings and Questions about the Universal Proxy Card

How Much Do Investors Care About Social Responsibility?

About the SEC’s Climate Proposal

Antitrust Enforcers Warn FERC About Ownership Overlaps

What to Know About the SEC’s ESG Investing Rule Proposals

Rules From the Kitchen That Will Change the Way You Talk About ESG

What Recent Study Shows About AI's Promise For Legal Tasks

What Nonprofits Need to Know About Functional Expenses

Do Equity Markets Care About Income Inequality? Evidence from Pay Ratio Disclosure

What directors need to know about the 2024 proxy season

What The First Universal Proxy Card Contests Say About the Future of Activism

How Boards Should Be Thinking about the Supreme Court’s SFFA Affirmative Action Decision

Schumer Seeks More Data, Details About Capital One Deal

Find out about the proposed updates to IVS!

Here’s What You Should Know About Intellectual Property Valuation

What you need to know about small business valuations

FAQs About QuickBooks

What to Know About the TikTok Ban Legislation

Seeking Common Ground in the Politicized Debate About ESG

Five Questions Boards Should Ask About the War in Ukraine

Tristan Tahmaseb Talks to the St. Louis Business Journal about the Sale of ITR to Crowe

Do Consumers Care About ESG? Evidence from Barcode-Level Sales Data

Can managers be taught to care about their people?

An open letter about the definition of risk

What’s “Controversial” About ESG? A Theory of Compelled Commercial Speech under the First Amendment

It’s Not About the Mangos: Focus on People

What You Need to Know about the IRS Business Valuation Guidelines

Getting Serious About Stakeholders

Thinking about risk appetite and risk appetite statements

7 Common Myths About Lateral Partner Moves

Sibos 2023: 4 things banks are saying about GenAI

Luxury retail is about ‘emotions, not transactions’

Bookkeeping Red Flags and What To Do About Them

What China Is Saying About the TikTok Furor in Washington

Comment on Foregoing Contingencies! But What About Fiduciary Duty? by don

What Bankers Need to Know About NIST 2.0

What early-stage investing reveals about biotech innovation

Musk Can't Dodge SEC Questions About $44B Twitter Buy

What to know about Form 4562: Depreciation and Amortization

The truth about Truth Social’s finances

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