1173 Posts Found

First-novelist Bronson takes on modern business in a black comedy about a group of money-crazed and eccentric bond traders in San Francisco.

Regardless of how you feel about investment banking (“It’s a complete scam!”; “It’s a great way to make a killing!”), this non-stop novelistic indictment of the shark-infested financial world–and by extension, much of the corporate world–is bound to make you laugh uproariously–and think … [ Read more ]

Content: Book | Author: Po Bronson | Subjects: Finance, Industry Specific | Industry: Investment Banking

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This paper provides an overview of the main theoretical elements and empirical underpinnings of a “managerial power” approach to executive compensation. The managerial power approach recognizes that boards of publicly traded companies with dispersed ownership do not bargain at arms’ length with managers, and that managers are able to influence their own pay arrangements. It thus views executive compensation not only as an instrument for … [ Read more ]

Content: Article | Authors: Jesse Fried, Lucian A. Bebchuk | Subjects: Corporate Governance, Finance

Soliciting bids is an effective way to sell a business — but review your strategy first.

Content: Article | Author: Edward Teach | Source: CFO Publishing | Subject: Finance

Shiller is best known for arguing, as he did in Irrational Exuberance, that stock market movements do not reflect underlying economic reality and that the volatility of the market makes the financial system unstable. It is therefore a surprise to find him advocating vast expansion of financial derivative markets to reduce the economic risk faced by individuals and countries. According to Shiller, governments should swap … [ Read more ]

Content: Book | Author: Robert J. Shiller | Subjects: Economics, Finance

The right project management software and business processes enable companies to prioritize resources and gain competitive advantage.

Content: Article | Author: Samuel Greengard | Source: Business Finance Magazine | Subjects: Finance, Project Management

The Securities Class Action Clearinghouse provides detailed information relating to the prosecution, defense, and settlement of federal class action securities fraud litigation. The Clearinghouse maintains an Index of Filings of 1763 issuers that have been named in federal class action securities fraud lawsuits since passage of the Private Securities Litigation Reform Act of 1995. The Clearinghouse also contains copies of more than 2000 complaints, briefs, … [ Read more ]

Content: Online Resource | Source: Stanford University | Subjects: Finance, Legal | Industry: Investing

The right e-procurement systems enable companies to reduce materials costs, slash overhead and improve supplier relationships.

Content: Article | Author: Samuel Greengard | Source: Business Finance Magazine | Subjects: Finance, IT / Technology / E-Business

Just-in-time inventory means just in time for the largest, most powerful member of the supply chain. Its suppliers are forced to carry more inventory so they can always perform to the big dog’s satisfaction. Working capital follows the same pattern: The most powerful player improves cash flow while its partners bear the brunt of long payment cycles.

Content: Quotation | Source: Business Finance Magazine | Subjects: Finance, Operations

Sales is trumping finance as more and more companies take on currency risk, then learn how to manage it. The tools keep getting better, but not everyone has a full kit.

Content: Article | Author: Richard H. Gamble | Source: Business Finance Magazine | Subjects: Finance, International

article by Hartzell and Starks finds that as institutional ownership goes up, the firm is more likely to use pay for performance plans. Additionally, the level of CEO pay tends to go down. These findings suggest that institutional investors make better monitors than ordinary investors do. Possibly more convincing however, (since it solves the endogenity problem which is that is the institutional … [ Read more ]

Content: Article | Authors: Jay C. Hartzell, Laura T. Starks | Subjects: Corporate Governance, Finance

Some experts contend that Options-Pricing models give a better view of cost of capital.

Editor’s Note: discusses CAPM and a competing methodology developed by Pacifica Strategic Advisors dubbed the Market-derived Capital Pricing Model (MCPM) for setting hurdle rates.

Content: Article | Author: Ronald Fink | Source: CFO Publishing | Subject: Finance

In a tight economy, turning customer orders into hard, cold cash is every company’s most important business process. A combination of strategy and technology will keep it humming.

Content: Article | Authors: Joseph Wright, Mike Sutcliff | Source: Optimize Magazine | Subjects: Finance, Management

Increasing numbers of multinational companies are opting for one-screen visibility, few banks and concentrated funds.

Content: Article | Author: Richard H. Gamble | Source: Business Finance Magazine | Subject: Finance

Most carve-outs destroy shareholder value during the two years after the transaction. Yet there is one important exception.

Content: Article | Authors: Annema, Marc H. Goedhart, William C. Fallon | Source: McKinsey Quarterly | Subject: Finance

Is earnings management always bad? No, if you believe the new paper by Arya, Glover, and Sunder. They point out that Earnings management can reduce the noise inherent in earnings and thereby reduce investor uncertainty. To quote the paper “a smooth car ride is not only comfortable, it also assures the driver of the driver’s expertise.” Moreover, too much transparency may reduce incentives of managers. … [ Read more ]

Content: Article | Authors: Anil Arya, Jonathan C. Glover, Shyam Sunder | Source: Social Science Research Network (SSRN) | Subject: Finance | Industry: Investment Banking

When contemplating an acquisition, don’t overlook real-estate issues.

Content: Article | Author: Jennifer Caplan | Source: CFO Publishing | Subject: Finance

In today’s turbulent economy, strategic planning that relies on industrial-age budgeting is bound to fail. But a number of companies are using technology to replace outmoded practices with efficient, flexible budget systems that can improve performance and boost shareholder returns.

Content: Article | Authors: Herman R. Heyns, Michael R. Sutcliff | Source: Outlook Journal (Accenture) | Subjects: Best Practices, Finance

Companies that understand total customer profitability can move from decisions based on gut feeling to those based on facts.

Content: Article | Author: Tony LoFrumento | Source: Optimize Magazine | Subjects: Customer Related, Finance

It was front-page news when Microsoft announced early in July that it was shutting down its options program and planning instead to award employees shares of stock. To many corporations, especially technology firms, the move smacked of heresy. Options, they say, are the best way to motivate employees and lure top talent. Critics, however, believe options fueled the corporate scandals of the past few years … [ Read more ]

Content: Article | Source: Knowledge@Wharton | Subjects: Finance, Human Resources