article thumbnail

A Lawyer’s Guide to Empirical Corporate Governance

Reynolds Holding

Likewise, judges in cases involving corporate governance matters such as anti-takeover devices and fiduciary duties have cited those studies when assessing the consequences of different governance mechanisms for firm value. The second is to evaluate what happens to firmsvalues after they adopt or remove a governance provision.

article thumbnail

Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

Along the way, more people than I ever imagined have found my data of use, and while I still have no desire to be a data service, I have an obligation to be transparent about my data analysis processes. Financing Flows 5. Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3.

article thumbnail

Data Update 1 for 2023: Setting the table!

Musings on Markets

In my experience, data is malleable, and if there is enough of it at your disposal, you can screen it and selectively choose the data to support whatever viewpoint you want to advance. Rather than indulge in endless debates, where each side provides anecdotal evidence, data can prove to be the tie-breaker. Cost of Debt 2.