Reynolds Holding

NOVEMBER 26, 2023

Portfolio screening means that shareholders buy or sell shares to influence the cost of capital for companies. Portfolio screening means that shareholders buy or sell shares to influence the cost of capital for companies. A debate has emerged within financial economics about which strategy is more effective in influencing companies.

Marketability 52

Marketability Market Capitalization Banking 52

Reynolds Holding

JULY 11, 2022

Corporate culture is an important determinant of companies’ behavior and success and, as a result, has drawn much attention, particularly from the business press. But while the broad impact of corporate culture is clear – it affects everything from ethics decisions (Audi et al. 2016) and economic performance (Guiso et al.

Compliance 105

Compliance Marketability 105

Harvard Corporate Governance

JUNE 15, 2022

This post is based on a recent paper , forthcoming in the Journal of Finance, by Professor Siegel; Yihui Pan , Associate Professor of Finance at the University of Utah; Elena S. publicly traded companies to report the ratio between CEO pay and median worker pay for the first time in 2018. However, it is largely unknown how U.S.

Equity 220

Equity Marketability Finance 220

Reynolds Holding

JULY 26, 2023

We contribute to this debate by documenting the extent to which bankers’ pay contains prudence-related targets, the association between those targets and other incentives, and how the targets affect future bank risk-taking. We create two measures of PfP designed to capture the extensive margin of PfP use.

Banking 52

Banking Equity Net Present Value Systematic Risk 52

Reynolds Holding

DECEMBER 21, 2022

Investors are increasingly incorporating assessments of companies’ performance on environmental, social, and governance (ESG) issues in their portfolio decisions. 5] In addition, in a new study, we find that ESG disagreement is positively associated with disagreement and uncertainty in the capital market. from 2010 to 2021.

Accounting Firms 119

Accounting Firms Marketability Equity 119

Reynolds Holding

APRIL 18, 2023

In a recent study , we investigate whether litigation risk is associated with firms’ environmental disclosure decisions in the currently voluntary disclosure regime. In contrast, forward-looking environmental disclosures are generally associated with very long time horizons (e.g.,

56

56

Reynolds Holding

APRIL 7, 2022

In a recent article , I examine how common provisions in lending arrangements (drawing from the LMA and LSTA modal agreements) handle the problem of value diversion in debtor companies. Tunneling,” which is the expropriation of company value by corporate insiders ( Johnson et al. Based on Atanasov et al.’s

Banking 83

Banking Finance Equity Compliance 83

Reynolds Holding

MARCH 21, 2023

Corporate insiders engage in “shadow trading” when they use private information about their own firm to trade in the shares of economically connected companies such as suppliers, customers, or competitors. One project is risky and can either increase the company’s stock price by 5 percent or decrease it by 10 percent, with equal probability.

Marketability 105

Marketability 105

Reynolds Holding

DECEMBER 13, 2022

companies, investors, consumers, NGOs, governments, intergovernmental organizations, etc.). Human rights issues present material risks to not only companies, but also to institutional investors, as reputational as well as regulatory and litigation risks, can impact both companies and their investors. During the 2022 U.S.

Compliance 56

Compliance Equity 56

Reynolds Holding

JUNE 27, 2023

In recent years, mainstream financial services companies have acquired many of the early climate-analytics startups and weather-modeling firms. In the accelerating “climate intelligence arms race,” companies increasingly claim to use better science, better methods and models, and more comprehensive data than their competitors. [1]

Banking 83

Banking Finance Equity Technology 83

Reynolds Holding

JANUARY 15, 2024

December 28, 2023), Vice Chancellor Will upheld the company’s rejection of an advance notice of nomination finding that the Board acted reasonably and equitably in rejecting the notice and that it did not breach its fiduciary duties in enforcing valid advance notice bylaws. In Kellner v. AIM Immunotech Inc.,

45

45

Reynolds Holding

APRIL 23, 2024

In recent years, many countries have adopted some form of pre-packaged reorganizations (“pre-packs”), inspired largely by pre-packs popularized in the United Kingdom and the United States. As a result, pre-packs can also help maximize the value of an insolvent firm for the benefit of debtors, creditors, and society. and UK-style pre-packs.

64

64

Reynolds Holding

MAY 10, 2022

Disclosure by publicly listed companies provides critical information to the capital markets and benefits not only firms’ stakeholders but also the overall economy (e.g., Badertscher et al. 2013; Shroff et al. 2017; Barrios et al. public companies has decreased steadily over the past 25 years.

Marketability 59

Marketability Equity 59

Reynolds Holding

FEBRUARY 21, 2023

In recent years, an increasingly popular strategy among hedge fund activists has been to acquire seats on the boards of target companies. However, obtaining board representation has costs, which include the direct costs of getting board representation and the risk of staking one’s reputation on the company’s future performance.

Dividends 72

Dividends Marketability EBITDA Market Capitalization 72

Reynolds Holding

AUGUST 2, 2023

Investors in firms that emphasize ESG qualities appear to greatly reduce risk and earn returns that exceed those of conventional investments (Derwall et al., According to a comprehensive McKinsey study conducted by Henisz et al. According to the Sustainable Investment Forum, the value of U.S. sustainable assets rose from $6.6

Equity 40

Equity Equity Financing Specific Risk Dividends 40

Benzinga

AUGUST 29, 2022

("Yumanity") (NASDAQ: YMTX ), a clinical-stage biopharmaceutical company focused on the discovery and development of innovative, disease-modifying therapies for neurodegenerative diseases, today announced the filing of a registration statement on Form S-4 (the "Registration Statement") with the U.S. About Yumanity. About Kineta . Humedix Co.

40

40

Reynolds Holding

APRIL 18, 2024

We experienced perfect storms of risk during the SPAC boom with frauds like the one that the SEC alleges was perpetrated by Trevor Milton and the EV company, Nikola. [6] And that’s precisely what I’d like to do this afternoon. With respect to the former, it’s been referred to as one of the largest financial frauds in U.S.

Compliance 45

Compliance Technology Start-ups Marketability 45

Value Scope

APRIL 9, 2021

Click to Download: Transcending Fair Market Value Transcending Fair Market Value “Beauty is in the eyes of the beholder.” Margaret Wolfe Hungerford (née Hamilton), who authored many books, often under the pseudonym of ‘The Duchess’ When I think about value, I (like most in my profession) think first about fair market value (“FMV”).

Fair Market Value 130

Fair Market Value Marketability Finance Intangible Assets 130

Value Scope

APRIL 9, 2021

“Beauty is in the eyes of the beholder.”. Margaret Wolfe Hungerford (née Hamilton), who authored many books, often under the pseudonym of ‘The Duchess’ When I think about value, I (like most in my profession) think first about fair market value (“FMV”). But the concept of value is complex. It transcends FMV. How do you measure that?

Fair Market Value 130

Fair Market Value Marketability Finance Intangible Assets 130

Reynolds Holding

FEBRUARY 28, 2023

A former employee of Medivation (MDVN, a mid-sized biopharmaceutical company) was charged for trading on confidential information about the acquisition of MDVN at a significant premium. Trading of economically related firms while in possession of material non-public information is termed shadow trading by Mehta et al. In the U.S.

Technology 59

Technology Marketability Equity 59

Andrew Stolz

APRIL 3, 2020

It refers to acquiring a company (or its part) and financing it with debt. Leveraged buyout (“LBO”) is an acquisition of an entire company or its division. The buyer continues to grow the company and improves its performance. The company’s free cash flow and proceeds from asset sales are used to repay outstanding debt.

Private Equity Firm 52

Private Equity Firm EBITDA Equity Finance 52

Reynolds Holding

AUGUST 13, 2023

Companies can also expect coordination by the agencies to continue when it comes to conducting investigations and taking enforcement actions. On July 26, 2023, the U.S. Department of Justice’s National Security Division (“NSD”), the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”), and the U.S.

Treasury 40

Treasury Compliance Banking 40

Reynolds Holding

MARCH 15, 2023

Even less is known about how firms respond to violations of social (labor and consumer) laws associated with discrimination, wage theft, and worker or consumer safety. However, little is known about whether, and how, firms systematically respond to major environmental or social violations. We address that deficiency in our recent paper.

Marketability 59

Marketability 59

Reynolds Holding

AUGUST 8, 2023

These activities are conducted on a large scale, with estimates of the total amount of corporate tax avoidance ranging from $212 billion (Tørsløv et al., 2022) to $600 billion (Crivelli et al., 2022) to $600 billion (Crivelli et al., Moreover, Tørsløv et al. Given the differences in corporate tax rates – 12.5

Marketability 52

Marketability Finance 52

Reynolds Holding

OCTOBER 19, 2023

Finally, these cloud companies have moved into the gaming market through the acquisition of gaming-technology companies. Stock trading has been gamified – transformed into a fun and at times casino-like game whose addictive potential captures the attention of consumers and revenues for brokerage firms. cities during 2019. [6]

Banking 72

Banking B2B Finance Technology 72

Reynolds Holding

DECEMBER 22, 2022

1] A global survey of 1,700 non-CEO executives conducted by the communications agency Weber Shandwick (2020) found that 81 percent believe their CEOs should be personally visible as the face of their company. [2] Why do we look at Special Purpose Acquisition Companies?

Start-ups 59

Start-ups Finance Marketability 59

Reynolds Holding

JUNE 14, 2023

In fact, Congress continues in its latest omnibus budget bill to prohibit the SEC from using any of the funds appropriated “to finalize, issue, or implement any rule, regulation, or order regarding the disclosure of political contributions, contributions to tax exempt organizations, or dues paid to trade associations.” [8]

Treasury 59

Treasury Marketability 59

Reynolds Holding

APRIL 9, 2024

and its affiliates (together “Yellow”) —were a transportation company that was among the largest freight trucking companies in the country. In a memorandum opinion and order issued on March 27, 2024, in In re Yellow Corporation, et. Judge Craig T. Background The debtors—Yellow Corporation (“Yellow Corp.”)

Equity 45

Equity 45

Reynolds Holding

NOVEMBER 3, 2022

First: If you fail to register a security as required—or to register appropriately as an investment company—you violate the securities laws, regardless of the “form” or “name” of the securities involved. My thanks to the Practising Law Institute and the 54 th Annual Institute on Securities Regulation. Economic Realities.

Marketability 49

Marketability Banking Compliance 49

Reynolds Holding

JULY 26, 2023

Cyber risk and the attendant disclosure obligations have been front-and-center for public companies for a long time, and the SEC has underscored the importance of cyber disclosures. 10] The Commission proclaims its “indifference” to companies’ cyber practices, [11] and the final rule is slimmer in detail than the proposed rule.

Compliance 40

Compliance Corporate Finance Finance Marketability 40

Reynolds Holding

MARCH 6, 2024

Today [March 6], the Commission is considering whether to adopt final rules to mandate climate risk disclosures by public companies and in public offerings. Investors get to decide which risks they want to take so long as companies raising money from the public make what President Franklin Roosevelt called “complete and truthful disclosure.”

Compliance 45

Compliance Corporate Finance Finance Marketability 45

Reynolds Holding

FEBRUARY 29, 2024

Last year, the U.S. Securities and Exchange Commission (SEC) proposed ambitious rules relating to artificial intelligence (AI) that have drawn significant commentary and criticism. Given the lengthy process for rulemaking, it is likely that the SEC has launched these initiatives with an eye to these existing provisions, which are discussed below.

Technology 45

Technology Compliance Marketability 45

ThomsonReuters

MARCH 22, 2021

It is a resource that offers a sense of security even if the company has its own full payroll department or outsources payroll duties to a third-party provider. Keeping Up with Taxes. On March 22, 1765, the British government passed the Stamp Act. So, why the brief history lesson on American Colony taxes? What are the due dates?

Start-ups 52

Start-ups Treasury 52

Reynolds Holding

OCTOBER 24, 2023

The Management Discussion and Analysis (MD&A) section of annual reports is widely credited with providing valuable information about public companies. In the next step, we merge the context vectors with associated numerical data, including earnings, cash flows, and their preceding values.

Alpha 52

Alpha 52

Reynolds Holding

APRIL 3, 2024

In the Apple case, plaintiffs claimed that the company had inflated its share price in early November 2018 with misleading statements about demand for its products in China. Class-action litigation for fraud on the market typically focuses on purchasers and sellers of stock. Yet those that traded in options on the shares can also be harmed.

Marketability 59

Marketability Market Capitalization Finance Dividends 59

Reynolds Holding

APRIL 19, 2022

They are now considered standard practice for businesses responding to serious allegations of financial misconduct and, when properly conducted, play a critical role in determining the credibility of the allegations, the identity of the responsible parties, and the impact of the fraud on the company’s financial statements.

Accounting Firms 75

Accounting Firms Compliance Finance 75

Reynolds Holding

DECEMBER 19, 2022

Over the last two decades, the dramatic increase in institutional investors’ ownership of rival companies has raised questions about collusive corporate policies. [1] overlapping in the sense of owning shares in both companies) institutional shareholders between rival firms rarely establish joint board representation in both firms.

Finance 64

Finance Banking Equity Marketability 64