Harvard Corporate Governance

MAY 6, 2022

Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M.

Marketability 246

Marketability 246

Harvard Corporate Governance

MARCH 15, 2024

We study how the arrival of firm-specific information during earnings announcements affects liquidity in over-the-counter (OTC) markets. Extensive research has found a decline in equity market liquidity during earnings announcements due to heightened information asymmetry. However, another friction in many markets (e.g.,

Marketability 117

Marketability Equity 117

Harvard Corporate Governance

MAY 1, 2023

Because of these conflicting effects, any change to accounting rules that causes banks to record securities or other assets at fair market value has to be accompanied by more fundamental reforms that limit depositor incentives to panic, such as enhanced deposit insurance. Depositors’ fear of further losses resulted in a classic run on SVB.

Banking 242

Banking Fair Market Value Marketability 242

Harvard Corporate Governance

APRIL 16, 2024

The Chinese stock market started in 1990 with the establishment of two domestic stock exchanges (the “A share” market): the Shanghai Stock Exchange (SSE hereafter) and the Shenzhen Stock Exchange (SZSE). The A share market is the second largest in the world in terms of total market capitalization, trailing only the US equity markets.

Marketability 152

Marketability Finance Market Capitalization Banking 152

Harvard Corporate Governance

MARCH 29, 2024

on Wednesday, March 27, 2024 Tags: Board of Directors , Capital markets , Corporate culture , Institutional Investors , Retirement plans , Shareholders Doubly-Binding Director Say-on-Pay Posted by Michael R.

Compliance 100

Compliance Marketability 100

Harvard Corporate Governance

SEPTEMBER 28, 2023

In this article, we construct a novel measure for identifying short-squeeze events triggered by sharp price increases, i.e., a market squeeze. This measure is distinct from and complimentary to existing lender squeeze measures, i.e., measures that identify short squeezes based on borrowed shares that are recalled by the lender.

Marketability 220

Marketability Finance Equity 220

Harvard Corporate Governance

FEBRUARY 21, 2023

A TDF is a fund of funds that invests in a number of mutual funds so as to maintain given fractions of its assets in different asset classes, such as stocks and bonds. The specific asset allocation depends on the time until the investor’s expected retirement date, which is the fund’s target date. model portfolios).

Marketability 207

Marketability Finance Equity 207

Harvard Corporate Governance

MARCH 24, 2024

Custodians play a vital role in financial markets, reinforcing trust and serving investors by safeguarding assets. Rondini is Director of Securities Operations at the Investment Company Institute (ICI). This post is based on his ICI memorandum. Existing practices in the custody business are longstanding and function exceptionally well.

Marketability 130

Marketability 130

Law 360 M&A

MARCH 20, 2023

billion) in risky bonds as part of its $3.2 billion rescue deal from UBS, amid fears that it could send the wrong signal to bond markets. European regulators indicated uneasiness on Monday at the decision by their Swiss counterpart to allow Credit Suisse to write off 16 billion Swiss francs ($17.2

Marketability 93

Marketability 93

Musings on Markets

OCTOBER 4, 2023

That recovery notwithstanding, uncertainties about inflation and the economy remained unresolved, and those uncertainties became part of the market story in the third quarter of 2023. The Markets in the Third Quarter Coming off a year of rising rates in 2022, interest rates have continued to command center stage in 2023.

Marketability 104

Marketability Start-ups Risk Premium Treasury 104

ThomsonReuters

OCTOBER 19, 2023

Jump to: What is amortization of a bond? Are bonds payable amortized? How to calculate bond amortization What is a sinking fund? Managing amortization of bonds Do you have clients looking to issue bonds? And for companies issuing a bond, bond amortization can prove to be considerably beneficial.

Banking 52

Banking Finance Marketability 52

Musings on Markets

JANUARY 24, 2024

As we start 2024, the interest rate prognosticators who misread the bond markets so badly in 2023 are back to making their 2024 forecasts, and they show no evidence of having learned any lessons from the last year. The Fed Effect: Where's the beef?

Treasury 52

Treasury Risk Premium Start-ups Risk-free Rate 52

Harvard Corporate Governance

MARCH 22, 2024

In many ways, divergent and informed investor viewpoints often drive capital market activity; for example, a seller and buyer of a stock, often with opposing views of its future value, are matched to consummate a trade. the maximum return of a bond is par, and the maximum return of a stock is infinite) across asset classes.

Technology 130

Technology Marketability 130

Musings on Markets

JANUARY 30, 2023

If 2022 was an unsettling year for equities, as I noted in my second data post, it was an even more tumultuous year for the bond market. As a result, treasury bond investors faced one of their worst years in history, losing close to a fifth of their principal, as bonds were repriced.

Treasury 74

Treasury Start-ups Risk Premium Equity 74

Harvard Corporate Governance

SEPTEMBER 22, 2022

As activity—still at impressive levels considering everything that has been thrown at the deal market—takes a breather, we consider five fundamental trends that may play out over the coming months. Leveraged loans and high-yield bonds are at the riskier end of the curve, and PE firms rely heavily on this financing.

Finance 239

Finance EBITDA Equity Marketability 239

Harvard Corporate Governance

MAY 2, 2023

Introduction and Market Update With proxy season underway, FTI Consulting’s Activism and M&A Solutions team welcomes readers to our quarterly Activism Vulnerability Report, which highlights the findings of our Activism Vulnerability Screener for 4Q22 and discusses other notable themes and trends in the world of shareholder activism.

Banking 200

Banking Marketability Technology Equity 200

ThomsonReuters

OCTOBER 10, 2023

they can often be stored in either a foreign trade zone (FTZ) or Customs’ bonded warehouses to take advantage of various savings and operational benefits. W hat are the differences between an FTZ and a Custom bonded warehouse? What are the benefits and limitations of Customs bonded warehouses? but is not considered part of U.S.

Compliance 52

Compliance Marketability 52

Harvard Corporate Governance

AUGUST 29, 2022

Bebchuk, Kobi Kastiel, and Roberto Tallarita; Companies Should Maximize Shareholder Welfare Not Market Value (discussed on the Forum here ) by Oliver Hart and Luigi Zingales; Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee (discussed on the Forum here ) by Max M.

Banking 152

Banking Marketability 152

Harvard Corporate Governance

JUNE 20, 2023

Capital markets reflect this enhanced focus on climate change risks and the risks associated with a decarbonized energy transition. With growing public attention to the risks posed by a changing climate, investors have increasingly scrutinized corporations about the environmental impact of their operations.

Finance 207

Finance Equity Marketability 207

Financial Times M&A

SEPTEMBER 15, 2022

Low demand for bonds and loans is Wall Street ‘canary’ as inflation risks rock capital markets

Marketability 98

Marketability 98

Brian DeChesare

AUGUST 31, 2022

Convertible bonds are hybrid instruments with elements of debt and equity, and some groups that trade convertible bonds also combine elements of S&T and IB. If you’re using a strategy like long/short equity , you could long or short a company’s stock, and your results would depend heavily on the stock market’s overall direction.

Banking 64

Banking Risk-free Rate Equity Start-ups 64

Harvard Corporate Governance

MAY 7, 2022

This post is based on his recent remarks before the Annual Conference on Financial Market Regulation. It’s good to join the Annual Conference on Financial Market Regulation once again alongside my SEC colleagues, including Chief Economist Jessica Wachter and Commissioner Allison Herren Lee. During World War I, the U.S.

Marketability 205

Marketability 205

Musings on Markets

JANUARY 27, 2022

By the end of 2021, it was clear that this bout of inflation was not as transient a phenomenon as some had made it out to be, and the big question leading in 2022, for investors and markets, is how inflation will play out during the year, and beyond, and the consequences for stocks, bonds and currencies.

Risk-free Rate 84

Risk-free Rate Treasury Price to Book Start-ups 84

Reynolds Holding

OCTOBER 24, 2022

In a new paper, we evaluate whether these predictions are supported by the data using a sample of green bonds. Green bonds represent a noteworthy asset class of their own. Green bonds represent a noteworthy asset class of their own. There are different theories in sustainable investing.

Net Present Value 59

Net Present Value Marketability Equity Finance 59

Harvard Corporate Governance

MAY 13, 2022

Assessing ESG-Labeled Bonds. Remarks by Chair Gensler at the Annual Conference on Financial Market Regulation. Tags: Accountability , Capital markets , Cybersecurity , Disclosure , Risk , Securities enforcement , Securities regulation , Systemic risk. Posted by Gary Gensler, U.S. Posted by Gary Gensler, U.S.

Marketability 213

Marketability Technology 213

Law 360 M&A

FEBRUARY 9, 2023

Investors are flocking back to Adani Group bonds after a recent market rout, Carlyle Group could bid $15 billion to acquire health care technology firm Cotiviti, and several restaurant chains including Panera are planning initial public offerings.

Technology 75

Technology Marketability 75

Harvard Corporate Governance

JUNE 14, 2022

Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M.

Finance 236

Finance Marketability 236

Benzinga

MARCH 7, 2024

These include the decline in US government bond yields, the weakening US dollar, and speculation about a potential interest rate cut by the US Federal Reserve in response to emerging economic challenges. per Troy ounce. This remarkable surge was propelled by a confluence of factors. Full story available on Benzinga.com

Marketability 52

Marketability 52

Global Finance

SEPTEMBER 1, 2022

The US bond market is usually quiet during the summer months but not this year.

Marketability 80

Marketability 80

Brian DeChesare

FEBRUARY 16, 2022

Can you compare M&A advisory on multi-billion-dollar corporate deals to underwriting municipal bond issuances from state and local governments? Many banks put public finance within “Capital Markets,” along with ECM and DCM, but the classification varies. more limited exit opportunities).

Finance 65

Finance Banking Equity Marketability 65

Benzinga

OCTOBER 7, 2022

Financial companies, including big Wall Street banks, are under pressure amid market uncertainties precipitated by a rising rate environment. Yields on bonds have shot up, creating distress in the credit market, which, in turn, has made it difficult for banks that have promised debt financing to resell the debt.

Debt Financing 98

Debt Financing Banking Finance Marketability 98

Harvard Corporate Governance

JUNE 29, 2022

This month we examine: The SEC’s continued focus on environmental, social, and governance (“ESG”) disclosures and cryptocurrency markets; The SEC’s in-house courts under attack; The Second Circuit’s decision in Noto v. 22nd Century Group, Inc. ; The SEC’s billion-dollar case against a prominent investment adviser.

Compliance 213

Compliance Marketability 213

Mckinsey and Company

AUGUST 3, 2022

The market for financing climate-related projects through green bonds is surging, but Vietnamese banks need to act quickly to reap the rewards.

Banking 60

Banking Finance Marketability 60

Musings on Markets

JULY 1, 2022

As inflation has taken center stage, markets have gone into retreat globally, and across asset classes. In 2022, as bond rates have risen, stock prices have fallen, and crypto has imploded, even true believers are questioning what the bottom for markets might be, and when we will get there.

Marketability 88

Marketability Risk Premium Start-ups Equity 88

Appraisers Blog

APRIL 25, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection.

Appraisal 98

Appraisal Marketability Finance 98

Reynolds Holding

APRIL 16, 2023

Against this background, one would have expected that the write-down of the Additional Tier 1, or AT1, bonds in the Credit Suisse (CS) bailout would not have happened without its shareholders also being wiped out. [1] 1] But the unexpected did happen: The bonds were written down, and CS’ shareholders received UBS shares worth $3.25

Banking 75

Banking Equity Finance Marketability 75

Financial Times M&A

JULY 4, 2022

Plus, Klarna becomes the poster child of the private markets meltdown and a highly leveraged Chinese tycoon battles the property bond rout

Marketability 52

Marketability 52