Harvard Corporate Governance

AUGUST 9, 2022

Unearned shares are the number of shares that executives are expected to receive conditional on whether the firm meets predetermined performance hurdles by the end of the evaluation period. In our paper, Hidden Gems: Do Market Participants Respond to Performance Expectations Revealed in Compensation Disclosures? more…).

Finance 210

Finance Firm Value Marketability Equity 210

Peak Business Valuation

MARCH 12, 2025

With the right approach, running a law firm is an exceptional business model. If you plan to buy , grow , or sell a law firm , a business valuation is vital. During a business valuation , a business appraiser calculates the companys market value using various methods including valuation multiples for a law firm.

Business Valuation 52

Business Valuation EBITDA Appraisal Firm Value 52

The Guardian M&A

SEPTEMBER 14, 2023

British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBank The British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday.

Firm Value 92

Firm Value Marketability Technology 92

Peak Business Valuation

JUNE 8, 2025

As part of a business valuation, a business appraiser will ensure the correct use of consulting firm valuation multiples. They will also conduct thorough analyses of the firm’s financials and market trends to determine which multiples best apply. At Peak Business Valuation , we value consulting firms across the United States!

EBITDA 52

EBITDA Business Valuation Appraisal Start-ups 52

Musings on Markets

JANUARY 10, 2025

In corporate finance and investing, which are areas that I work in, I find myself doing double takes as I listen to politicians, market experts and economists making statements about company and market behavior that are fairy tales, and data is often my weapon for discerning the truth. Standard Deviation in Equity/Firm Value 2.

Risk Premium 120

Risk Premium Dividends Start-ups Corporate Finance 120

Peak Business Valuation

FEBRUARY 27, 2025

A valuation for buying a consulting firm should be one of your first steps if you are looking to buy a consulting firm. A consulting firm valuation will help you understand the fair market value of a consulting firm and maximize its value after purchase. Schedule a Free Consultation!

Business Valuation 52

Business Valuation Fair Market Value Appraisal Firm Value 52

Peak Business Valuation

DECEMBER 20, 2024

The Purpose of a Consulting Firm Business Valuation A business valuation for selling a consulting firm is a complete analysis of a consulting firms market value. Business appraisers , such as those at Peak , determine the financial health of a consulting firm as well as the opportunities and risks of a firm.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Marketability 52

Peak Business Valuation

FEBRUARY 27, 2025

Whether you plan to buy , grow , or sell a wealth management firm , obtaining a business valuation is vital. During a valuation, business appraisers use valuation multiples for a wealth management firm to determine its fair market value.

Business Valuation 52

Business Valuation EBITDA Fair Market Value Appraisal 52

Reynolds Holding

FEBRUARY 5, 2023

In a new article, we explain how the market misprices the news so severely. Questioning the Status Quo The traditional theory of financial markets is the efficient market hypothesis (EMH), which holds that all news is factored into stock prices immediately and correctly, on average. We find no evidence for this possibility.

Marketability 59

Marketability Alpha Equity Firm Value 59

Reynolds Holding

FEBRUARY 1, 2024

Few topics in the corporate and securities law literature are as controversial as securities class actions – that is, actions in which shareholders of public firms seek to collectively obtain compensation for damages resulting from false or misleading statements in corporate disclosures.

Marketability 45

Marketability Firm Value Banking 45

Peak Business Valuation

JUNE 13, 2025

What is a Business Valuation for a Financial Advisory Firm? A business valuation is an assessment of a business’s fair market value. The valuation process includes analyzing income, assets, and key value drivers for a final value. Below we outline the most common financial advisory firm valuation methods.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Compliance 52

Reynolds Holding

MAY 10, 2022

His incentives as controller of Meta are thus clear: Maximize firm value and private benefits of control, irrespective of the effect that might have on other firms. Its incentives are equally clear: Maximize the value of its portfolio, irrespective of what happens to any given firm therein.

Firm Value 94

Firm Value Marketability 94

ThomsonReuters

DECEMBER 27, 2024

Blog home With digital assets gaining ground in financial markets, the IRS has implemented new regulations to ensure proper reporting of these transactions. For accountants, the new digital asset reporting regulations will likely generate a surge in client inquiries, making it critical for firms to be fully prepared.

Compliance 52

Compliance Fair Market Value Firm Value Marketability 52

Reynolds Holding

JULY 16, 2023

As of December 2021, the cumulative green bond market is estimated to have exceeded $1.5 One version of the Greenwashing Hypothesis holds that the stock market just ignores a green bond issuance announcement, and the response is statistically indistinguishable from zero. trillion dollars.

Marketability 40

Marketability Firm Value Finance 40

Reynolds Holding

OCTOBER 9, 2022

Yet external governance – the market for corporate control, often known as the takeover market – is critical to determining how well a company is run. Managers are less likely to exploit shareholders when subject to the discipline of the takeover market, making it a governance instrument for reducing agency problems.

Net Present Value 81

Net Present Value Marketability Firm Value Equity 81

Startup Valuation Blog

MARCH 13, 2023

"The bankruptcy of banks can have a ripple effect on the value of companies that work with the bank, and it's an aspect of valuation that cannot be ignored." A firm's value and the risk of the financial crisis that banks must deal with can have complicated and diverse relationships. Says Tamir Levy, Ph.D.,

Banking 100

Banking Firm Value Finance Equity 100

Reynolds Holding

MARCH 22, 2023

Though the pill’s deterrence of hostile takeovers may seem beneficial at first glance, a hostile takeover may in some cases benefit shareholders by allowing the acquirer to run the firm more efficiently, thereby increasing shareholder value. Therefore, the impact of poison pills on firm value requires empirical study.

Intangible Assets 77

Intangible Assets Firm Value Book Value Marketability 77

Musings on Markets

MAY 20, 2022

Inflation and Value When in doubt about how any action or information plays out in value, I find it useful to go back to value basics, and trace out the effects of that action/information on value drivers. The former is short hand for the small cap premium and the latter is the proxy for the value factor in returns.

Price to Book 103

Price to Book Dividends Beta Equity 103

Auto Dealer Valuation Insights

MARCH 28, 2025

Milam, CFA explore the critical elements shaping RIA valuations in today’s market. They discuss the key factors influencing RIA valuations, the latest industry trends, methodologies for valuing RIAs, and best practices to maximize firm value. Hamner, CFA, ASA and Zachary C.

Firm Value 40

Firm Value Marketability 40

Auto Dealer Valuation Insights

MARCH 28, 2025

Milam, CFA explore the critical elements shaping RIA valuations in today’s market. They discuss the key factors influencing RIA valuations, the latest industry trends, methodologies for valuing RIAs, and best practices to maximize firm value. Hamner, CFA, ASA and Zachary C.

Firm Value 40

Firm Value Marketability 40

Peak Business Valuation

AUGUST 12, 2023

At Peak Business Valuation , our valuation experts often rely on the market approach and/or the income approach. Each method provides a different perspective on the value of an accounting firm. When valuing an accounting firm , a business appraiser determines the best valuation approach for your firm.

Accounting Firms 52

Accounting Firms Discounted Cash Flow Business Valuation Firm Value 52

Musings on Markets

JANUARY 5, 2024

Thus, looking at only the companies in the S&P 500 may give you more reliable data, with fewer missing observations, but your results will reflect what large market cap companies in any sector or industry do, rather than what is typical for that industry.

Dividends 107

Dividends Risk Premium Equity Book Value 107

Startup Valuation Blog

DECEMBER 15, 2021

As the burn rate is lower, the company is expected to survive for a more extended period, and therefore the firm's value is expected to be higher. In that case, you should take the opportunity and protect yourself from the evident competitors in the market that offer the same products as you. 7. Cost Advantages.

Start-ups 100

Start-ups Business Valuation Firm Value Marketability 100

Reynolds Holding

MARCH 19, 2024

If this were the only channel of influence, pursuing ESG might simply collapse into maximizing shareholder value, raising no new analytical issues. Second and more important, we identify a novel set of strong personal incentives for CEOs to promote ESG, separate from firm value. The net result of these pressures is ambiguous.

Firm Value 78

Firm Value Marketability 78

Reynolds Holding

SEPTEMBER 9, 2022

Which firms are willing to disclose voluntarily in the absence of mandatory disclosure? In his famous article, “Market for Lemons,” Akerlof (1970) argues that markets can collapse because of information asymmetry. It is this group of non-disclosing firms that provides incentives to low-quality firms to remain silent.

Firm Value 45

Firm Value Compliance Marketability 45

Equilest

AUGUST 24, 2022

TAM SAM SOM — Total Addressable Market, Serviceable Addressable Market, and Serviceable Obtainable Market, respectively — were initially taken from the sales world. Total Addressable Market - TAM. TAM stands for Total Addressable Market (sometimes Total Available Market). Similar - for the SAM.

Business Valuation 40

Business Valuation Firm Value Marketability 40

Equilest

AUGUST 24, 2022

TAM SAM SOM — Total Addressable Market, Serviceable Addressable Market, and Serviceable Obtainable Market, respectively — were initially taken from the sales world. Total Addressable Market - TAM. TAM stands for Total Addressable Market (sometimes Total Available Market). Similar - for the SAM.

Business Valuation 40

Business Valuation Firm Value Marketability 40

Reynolds Holding

OCTOBER 26, 2022

Third, a large pay gap could simply reflect inadequate internal governance of the firm, which will benefit the entrenched CEO but is detrimental to firm value. VP pay differentials are associated with firms’ strategy, as strategy is a significant consideration when a firm decides to promote or otherwise reward its executives.

Equity 45

Equity Firm Value Marketability 45

Peak Business Valuation

AUGUST 21, 2023

At Peak Business Valuation , our appraisers typically use the market approach and/or the income approach. The business appraiser will determine which valuation method is best for your property management firm. This can include using a combination of valuation methods to value a property management firm.

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Appraisal EBITDA 52

Reynolds Holding

MAY 26, 2022

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 firms’ values after they adopt or remove a governance provision.

Firm Value 61

Firm Value Data Analysis Finance Marketability 61

Equilest

FEBRUARY 27, 2025

Understanding these value drivers can help law firms make strategic decisions that improve their operational efficiency and profitability. In this article, we will explore the essential value drivers that can help law firms stand out in a competitive legal market.

Firm Value 40

Firm Value Compliance Technology Business Valuation 40

Musings on Markets

SEPTEMBER 14, 2021

That is why investing in a well managed company or one that has high growth does not translate into excess returns, if the market already is pricing in the management and growth. Bringing in market pricing into the discussion is important for two reasons.

Start-ups 101

Start-ups Marketability Firm Value 101

Startup Valuation Blog

MARCH 15, 2022

As the burn rate is lower, the company is expected to survive for a longer period, and therefore the firm's value is expected to be higher. If you are selling something with the same market price as the others, try providing them with more quantity and quality than the other brands, and it will become your strength.

Start-ups 100

Start-ups Marketability Business Enterprise Firm Value 100

RNC

AUGUST 22, 2023

One drawback is that conventional models, like the discounted cash flow analysis, might not effectively account for the features of startup firms. Valuing startups demands a strategy due to their high-risk nature and limited historical financial data. It is important to acknowledge that they do have their limitations.

Discounted Cash Flow 52

Discounted Cash Flow Equity Equity Financing Business Valuation 52

RNC

AUGUST 15, 2023

One drawback is that conventional models, like the discounted cash flow analysis, might not effectively account for the features of startup firms. Valuing startups demands a strategy due to their high-risk nature and limited historical financial data. It is important to acknowledge that they do have their limitations.

Equity 52

Equity Discounted Cash Flow Equity Financing Business Valuation 52

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

MAY 1, 2022

This has been a question of considerable interest in the accounting and finance literature because transparency is very important for a well-functioning takeover market. In my recent article, I develop an analytical model to study the effect of takeovers on the voluntary disclosures made by the management of the target firm.

Marketability 58

Marketability Firm Value Finance 58