Reynolds Holding

NOVEMBER 6, 2023

Further, regardless of their merit, whistleblower claims may alert auditors and directors to the risk of potential misconduct, prompting them to spend more effort monitoring the firm’s financial reporting. Consistent with prior literature, we find a negative effect of meritorious whistleblower claims on firm value.

Firm Value 40

Firm Value Finance Marketability 40

Reynolds Holding

JULY 16, 2023

This possibility was first raised by Bhagat and Hubbard (2022) in their analysis of Nobel laureate Milton Friedman’s long-term firm value maximization hypothesis vis-à-vis the Business Roundtable’s stakeholder paradigm. We document no change in carbon emissions after the announcement.

Marketability 40

Marketability Firm Value Finance 40

Reynolds Holding

FEBRUARY 5, 2023

However, academic researchers and investment professionals have documented instances where news does predict future stock returns, providing an opportunity to understand investors’ actual behavior, which is not always rational and efficient. Returns are adjusted for firm size and book-to-market of equity.

Marketability 59

Marketability Alpha Equity Firm Value 59

Reynolds Holding

OCTOBER 6, 2024

While prior studies have focused on the positive effects of stakeholder orientation on innovation, firm value, and capital investment efficiency, our findings highlight a potential downside: the creation of inefficiencies in labor investment.

Corporate Finance 53

Corporate Finance Firm Value Finance 53

Reynolds Holding

DECEMBER 11, 2022

A complementary way to reconcile the conflicting evidence is by analyzing whether higher passive ownership in a given study results from lower retail or lower active ownership: Studies that document a positive (negative) governance effect of higher passive ownership show no corresponding changes (significant decreases) in active ownership.

Firm Value 94

Firm Value Finance Marketability Equity 94

Reynolds Holding

SEPTEMBER 22, 2022

On the other hand, studies document that AT reduces price informativeness, thus adversely influencing the extent to which managers learn from stock prices when making investment decisions. On one hand, prior research finds that AT expedites the incorporation of public information into stock prices, especially around earnings announcements.

Firm Value 56

Firm Value Marketability 56

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. Using our novel dataset, we document that PfP has existed since the beginning of our sample period in 2001.​

Banking 40

Banking Equity Net Present Value Systematic Risk 40

Reynolds Holding

AUGUST 9, 2023

We first document that enhanced corporate disclosure has a likely unintended effect on CEO turnover. This evidence suggests that enhanced disclosure makes it easier for CEOs to search for jobs at other public firms or perhaps motivates them to move to private firms, where the disclosure requirements are less strict.

Technology 40

Technology Firm Value Finance Equity 40

Reynolds Holding

MAY 12, 2024

Whether to make this news public is a key decision since it can have significant consequences that affect investor reactions, the subsequent sale process (should one occur), firm operations, employees, and ultimately firm value. In a recent paper , I look for empirical evidence supporting arguments on both sides.

Marketability 45

Marketability Firm Value 45

Reynolds Holding

AUGUST 21, 2022

To understand how this happens, imagine that, absent activists, management proposes projects that look good overall but involve some parts that are favored by management and hurt firm value (e.g., CEO’s pet subprojects). Directors cannot identify these wasteful parts, so they approve the project, including the waste.

Finance 45

Finance Firm Value Marketability 45

Harvard Corporate Governance

OCTOBER 24, 2023

To make progress on this question, our paper “ Good and Bad CEOs ” analyzes changes in firm value, performance, and behavior caused by deaths of incumbent CEOs. Unlike other CEO turnovers, most CEO deaths are randomly allocated to firms and are not a decision made by the board of directors.

Finance 243

Finance Firm Value Technology 243

Reynolds Holding

NOVEMBER 16, 2022

A fundamental question in corporate governance research is whether the board of directors affects firm value. Some argue that directors contribute no additional value to the firm and may even lower its value if they act only as a rubber stamp on the CEO’s decisions. percent of variation in DSQ.

Firm Value 79

Firm Value Book Value Marketability 79

Value Scope

SEPTEMBER 24, 2020

How do you justify making substantial investments and fundamental changes to corporate structures and culture without empirical evidence that it will make a direct impact on shareholder value, total shareholder return, net present value, and individual rates of return? . Do ESG programs impact firm value?

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130

Reynolds Holding

JANUARY 7, 2025

Other papers document some of the macroeconomic consequences of these pay gaps, such as their detrimental effect on overall GDP or individual wealth accumulation. For example, if pay gaps are perceived by investors to enhance firm value, then we should not turn to capital markets for solutions.

Marketability 56

Marketability Firm Value Finance Equity 56

Reynolds Holding

MARCH 8, 2023

Our analyses are in a difference-in-difference format, whereby the firm performance during the three years before a turnover is compared with the performance during the three years after the turnover (as in Huson et al., CEO tenure and firm value, The Accounting Review 96 (6): 47-71. REFERENCES Ali, A., Brochet, F., Limbach, P.,

Start-ups 72

Start-ups Firm Value Finance 72

Reynolds Holding

OCTOBER 19, 2022

By utilizing the full value of expected payouts over a contract’s life, we allow for well-documented occurrences of managerial gaming such as earnings management, where performance indicators are manipulated to reach a specific year’s benchmark at the expense of current or future firm value.

Firm Value 59

Firm Value Marketability 59

Peak Business Valuation

MAY 8, 2025

What is a Business Valuation for Buying an Accounting Firm? A business valuation for buying an accounting firm uses several analyses to determine the firms market value. This involves reviewing financial documents, assets, liabilities, and more to report the accounting firms financial health.

Accounting Firms 52

Accounting Firms Business Valuation Firm Value Fair Market Value 52

Peak Business Valuation

FEBRUARY 26, 2025

These businesses regularly work with individuals, businesses, government agencies, etc As such, law firms are extremely valuable and provide lucrative business opportunities. To succeed in this industry, it is important to understand the key value drivers for a law firm.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Firm Value 52

Reynolds Holding

MAY 5, 2025

Our findings raise important questions about how governance reforms and investor actions like divestment campaigns shape not only firm value but also society and the environment. A firms governance framework comprises tools like incentive pay (e.g., Coal mining involves a well-documented trade-off between output and safety.

Firm Value 45

Firm Value 45

Peak Business Valuation

MAY 20, 2025

Understanding Opportunities of a Chiropractic Clinic Key value drivers are factors that play a major role in a chiropractic practices worth. Chiropractic practice owners can use these insights to grow the firms value now and in the future. A business valuation for buying a chiropractic practice highlights these factors.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Marketability 52