Harvard Corporate Governance

SEPTEMBER 22, 2022

A little more than 12 years after the 2010 Dodd-Frank Act was signed into law, the SEC has issued final rules on the topic. This approach effectively accrues the equity value over the vesting period, with the heaviest impact on value likely to be in the year of grant. Bebchuk and Jesse M.

Equity 182

Equity Marketability 182

Harvard Corporate Governance

JULY 21, 2022

Around the globe, diversity, equity, and inclusion (DE&I) has grown to become a critically important boardroom topic given the increasing focus by legislatures, regulatory bodies, stock exchanges, investors, and the general public. This post is based on a Russell Reynolds memorandum by Mr. O’Kelley, Mr. Fields, Ms.

Equity 140

Equity Marketability 140

Harvard Corporate Governance

MAY 17, 2024

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 17, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 10-16, 2024 Fee Variation in Private Equity Posted by Juliane Begenau (Stanford University), and Emil Siriwardane (Harvard Business School), on Friday, May (..)

Compliance 100

Compliance Banking Equity Marketability 100

Harvard Corporate Governance

APRIL 13, 2023

(discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; Does Enlightened Shareholder Value add Value (discussed on the Forum here ) by Lucian Bebchuk, Kobi Kastiel, and Roberto Tallarita; and Companies Should Maximize Shareholder Welfare Not Market Value (discussed on the Forum here ) by Oliver Hart and Luigi Zingales.

Equity 182

Equity Marketability 182

IVSC

JUNE 6, 2023

Mr Barbosa was Professor of Commercial Law – Corporations of UERJ (2000-2001), corporate law in the Continuing Education Program of FGV-Rio (2007-2015) and Concrete Cases of Corporate Law and Capital Markets of FGV-Rio (2016-2018). Mary Barth IVSC Trustee and Vice Chair of the Financial Accounting Foundation Mary is the Joan E.

Equity 130

Equity Mergers & Acquisitions Marketability 130

John Jenkins

APRIL 5, 2023

I was searching for blog topics recently and came across this interesting piece from Institutional Investor about how private equity executives are confiding in their “coaches” over the troubles that they’re facing in the current environment: Falling private-market valuations and a tougher fundraising environment are starting to weigh (..)

Equity 63

Equity Marketability 63

Harvard Corporate Governance

AUGUST 11, 2023

Larcker (Stanford University) , on Monday, August 7, 2023 Tags: CEO Pay , equity awards , Executive Compensation , pay versus performance , Proxy advisory , shareholder engagement How Governance Professionals Are Guiding Corporate Disclosure on E&S Topics Posted by Sarah Crowe and Charles Neidenbach, Nasdaq, Inc.,

Marketability 189

Marketability Compliance Equity 189

John Jenkins

DECEMBER 1, 2023

Cooley recently blogged about some of the challenges associated with navigating M&A executive comp issues in a volatile market. The first topic covered by the blog was how to deal with outstanding target equity awards.

Equity 40

Equity Comps Marketability 40

Brian DeChesare

JANUARY 24, 2024

Let’s start with the elephant in the room: yes, we’ve covered the growth equity case study before, but I’m doing it again because I don’t think the previous examples were great. So, you can think of this example and tutorial as “Growth Equity Case Study: The Final Form.” They over-complicated the financial model (e.g.,

Equity 104

Equity Private Equity Firm Start-ups Comps 104

Benzinga

MARCH 28, 2023

cannabis companies are generating more revenue, the lack of progress in federal prohibition, weakness in equity markets and high-interest rates make it difficult for companies to sell stocks and raise capital, causing cash to become an essential asset. Although U.S. Full story available on Benzinga.com

Equity 52

Equity Marketability Finance 52

IVSC

APRIL 29, 2022

Join participants from around the world and hear from leading international experts on topics including the global economic outlook, the impact of inflation on valuation and the cost of capital, and the growing influence of digital assets in the investment world. Ranjit Singh United States Chief, Global Markets, IMF. Panellists.

Intangible Assets 246

Intangible Assets Finance Enterprise Value Corporate Finance 246

Appraisers Blog

SEPTEMBER 7, 2022

And just like that, real estate appraisers from across the country have now added a new line item to their résumés, websites and marketing material: RESTORATION VALUE MAGICIAN. Oh wait, haven’t some AMCs and others already claimed to be such magicians when it comes to this topic? Here is a thought.

Appraisal 75

Appraisal Equity Marketability 75

John Jenkins

NOVEMBER 30, 2022

Dechert recently published its 2023 Global Private Equity Outlook Survey, which surveyed 100 senior executives of PE firms with $1 billion or more in assets under management in the North American, EMEA and APAC markets.

Equity 40

Equity Marketability 40

IVSC

MARCH 28, 2024

With a strong focus on start-ups, technology, and private equity, Peter is a frequent presenter and writer on valuation and accounting topics. Adequate records to explain the basis of the market value. Valuation conclusion that requires the specific market value be ascertained. The definition of value.

Intangible Assets 130

Intangible Assets Start-ups Business Valuation Marketability 130

John Jenkins

APRIL 20, 2022

Our new Deal Lawyers Download podcast features my interview with Lippes Mathias’ John Koeppel about current trends in private equity deals. Topics addressed in this 12-minute podcast include: –How has the increasing competition for deals impacted the deal process? – What trends are you […]

Equity 40

Equity Finance Marketability 40

RNC

AUGUST 15, 2023

Equity valuation holds significance. However, like any tool, equity valuation models present their fair share of challenges and limitations. In this blog post, we will delve into the balance, between precision and practicality, in equity valuation. Discuss strategies to overcome these hurdles.

Equity 52

Equity Discounted Cash Flow Equity Financing Business Valuation 52

RNC

AUGUST 22, 2023

Equity valuation holds significance. However, like any tool, equity valuation models present their fair share of challenges and limitations. In this blog post, we will delve into the balance, between precision and practicality, in equity valuation. Discuss strategies to overcome these hurdles.

Discounted Cash Flow 52

Discounted Cash Flow Equity Equity Financing Business Valuation 52

RNC

JULY 24, 2023

Valuing equity plays a role in the world as it determines the true value of a company’s shares. Both valuation firms and investors rely on equity valuation to make informed decisions. Neglecting Industry and Market Trends: Valuing equity is not a task. Share advice from seasoned investors on how to avoid them.

Equity 52

Equity Business Valuation Fair Market Value Comparable Company Analysis 52

RNC

NOVEMBER 2, 2023

Determine the Fair Market Value For tangible assets, determining the fair market value can be relatively straightforward through market appraisals or assessments. However, intangible assets often require more intricate valuation methods, such as the income approach, cost approach, or market approach.

Intangible Assets 52

Intangible Assets Fair Market Value Appraisal Mergers & Acquisitions 52

Reynolds Holding

MAY 13, 2024

Given that market disclosures enhance the efforts of supervisors, and vice versa, more disclosure could enhance financial stability (see Spatt, 2010) [1]. This would make capital markets more effective in addressing future banking problems and reducing reliance on bank regulators who have arguably failed the public. However, U.S.

Banking 64

Banking Equity Marketability Finance 64

Benzinga

AUGUST 5, 2022

Ltd ("Life Infinity"), one of the leading integrated health management service providers in China, and its existing shareholders with an aggregate amount of over RMB140 million to acquire a controlling equity interest in Life Infinity, to expand into the rapidly growing health management market in China.

Technology 52

Technology Equity Marketability 52

Musings on Markets

JANUARY 28, 2024

In my last data updates for this year, I looked first at how equity markets rebounded in 2023 , driven by a stronger-than-expected economy and inflation coming down, and then at how interest rates mirrored this rebound. What is risk?

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

IVSC

OCTOBER 31, 2023

This approach aims to balance the need to be responsive to market and practitioner requirements with the practical implications of adopting the latest standards. The Europe Committee also dedicated time to discuss the ongoing topic of ‘prudent value,’ as outlined in the Basel III requirements.

Intangible Assets 130

Intangible Assets Appraisal Business Valuation Banking 130

ThomsonReuters

DECEMBER 11, 2023

Accounting for tax equity investments Implementing ASU 2023-02 Accounting professionals with equity investor clients who are involved with projects to receive income tax credits and other income tax benefits need to have a clear understanding of the proportional amortization method (PAM), especially in light of recent changes.

Equity 52

Equity Finance Marketability 52

Brian DeChesare

SEPTEMBER 20, 2023

No Right or Wrong Answers – Some technical questions have correct answers, but many market and investment ones do not. In some ways, prep for VC interviews is easier because you don’t have to learn or memorize many technical topics, but in some ways, it’s harder since you have to do lots of firm-specific research.

Start-ups 59

Start-ups Equity Marketability Terminal Value 59

Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.” This may change due to factors like the “decoupling” with the U.S.,

Equity 75

Equity Banking Start-ups Private Equity Firm 75

Brian DeChesare

NOVEMBER 15, 2023

I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. I got so tired of these debates that I never planned to cover this topic again. Specialized Pathways: For the Level III exam, you can focus on portfolio management, private wealth, or private markets.

Banking 59

Banking Start-ups Finance Private Equity Firm 59

Musings on Markets

FEBRUARY 11, 2023

A few weeks ago, I posted my first data update pulling together what I had learned from looking at the data in 2023, and promised many more on the topic. In the month since, I have added two more data updates, one on US equities and one on interest rates , but my attention was drawn away by other interesting stories.

Risk Premium 76

Risk Premium Start-ups Equity Marketability 76

Equidam

JUNE 8, 2023

When we started, in 2012, valuation was a hot topic in the fundraising process and venture capital was not as easy to come by. In January of last year, we wrote about how the supply of capital had saturated many other asset classes, and early stage equity was becoming more attractive to a greater number of investors.

Start-ups 75

Start-ups Finance Equity Marketability 75

Lighter Capital

NOVEMBER 15, 2023

Startup Leaders Connect in Melbourne for Growth and Success Since 2020, our Australian portfolio and market presence have grown significantly. Here’s a summary of the day’s events: Guest Speaker Paul Tontodonati , Founder & Director of Platform Advisory Partners , discussed the state of the economy and the outlook on the SaaS market.

Banking 59

Banking Finance Marketability Equity 59

Brian DeChesare

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. As another example, some argue that UBS should not be a bulge bracket bank because it has focused on wealth management and areas outside the capital markets.

Banking 101

Banking Start-ups Finance Equity 101

Musings on Markets

MAY 20, 2022

In my last post , I discussed how inflation's return has changed the calculus for investors, looking at how inflation affects returns on different asset classes, and tracing out the consequences for equity values, in the aggregate.

Price to Book 96

Price to Book Dividends Beta Equity 96

Musings on Markets

JULY 13, 2022

Country Risk: Equity Risk For equity investors, the price of risk is captured by the equity risk premium, and equity risk premiums will vary across countries. lived under full democracy, in 2021, with large differences across regions.

Risk Premium 81

Risk Premium Risk-free Rate Start-ups Equity 81

Reynolds Holding

OCTOBER 1, 2023

14 Question: Should awards granted in fiscal years prior to an equity restructuring, such as a spin-off, that are retained by the holder be included in the calculation of executive compensation actually paid? 16 Question: Market conditions under U.S. Market conditions are not considered vesting conditions under U.S.

Compliance 40

Compliance Equity Marketability Corporate Finance 40

IVSC

JUNE 12, 2023

In 2011, Carla completed a one-year rotation in Kroll's London office, where she promoted the firm's IFRS education efforts and marketing initiatives, and dealt with IFRS implementation issues. Carla is a frequent speaker in webinars and conferences on the topics of cost of capital, goodwill impairment and valuation in general.

Risk-free Rate 130

Risk-free Rate Intangible Assets Appraisal Business Valuation 130

ThomsonReuters

APRIL 18, 2023

For firms, this means having the right tools and resources in place for easy access to practical insight and expertise on accounting topics that are complex, undergoing changes, or challenging to apply. However, all public companies, those whose equity and debt securities are traded on U.S. public markets, must follow the standard.

Finance 52

Finance Intangible Assets Fair Market Value Compliance 52

Musings on Markets

MAY 6, 2022

The nature of markets is that they are never quite settled, as investors recalibrate expectations constantly and reset prices. Clearly, we are not in one of those time periods, as markets approach bipolar territory, with big moves up and down.

Risk Premium 92

Risk Premium Treasury Start-ups Equity 92