1173 Posts Found

In 1995, Lernout & Hauspie Speech Products (L&H) was poised for an Initial Public Offering (IPO) on the NASDAQ, home to industry heavyweights like Microsoft and Intel. If the IPO were to be successful, L&H would be the first Belgian company ever to list on the venerable stock exchange. For L&H, the IPO was a key milestone in its remarkable history. Since … [ Read more ]

Content: Case Study | Authors: Benoit Leleux, Danny Lein, Herwig Langohr | Source: INSEAD | Subjects: Entrepreneurship, Finance | Company: Lernout & Hauspie

Though topical, this article does introduce/discuss the so-called clawback provisions in most venture capital partnership agreements and their implication when funds perform poorly.

Content: Article | Author: Vyvyan Tenorio | Sources: IPO.com, The Daily Deal | Subjects: Finance, Venture Capital

As investors, we deceive ourselves a thousand different ways, both large and small. We attribute gains to acumen when they are the product of luck, and attribute losses to ill fortune when they are often the product of stupidity or inattention. The common problem is that we fall in love with a company that is unworthy of our affection.

Content: Quotation | Source: Forbes | Subjects: Finance, Investing

If you are reluctant to sell, you are typical of American investors, who sell their winners and keep their losers. Investors do this because the act of selling at a loss is an admission that they were wrong.

Content: Quotation | Source: Forbes | Subjects: Finance, Investing

Corporate earnings are as much opinion as fact. Here’s a radical way to fix the problem.

Content: Article | Author: Jerry Useem | Source: FORTUNE | Subjects: Accounting, Finance

Not sure how your finance department stacks up? Here are ten markers of mediocrity.

Content: Article | Author: Marie Leone | Source: CFO Publishing | Subjects: Finance, Management

When Enron collapsed a year ago, thousands of employees’ retirement savings were wiped out, sparking quick calls for reform of 401(k) plans. Some changes were put in place earlier this year, others are still being debated in Congress. But now that the smoke of corporate scandals has begun to clear, do problems with 401(k)s still appear as bad as they did last winter? Should the … [ Read more ]

Content: Article | Source: Knowledge@Wharton | Subjects: Economics, Finance | Industry: Finance / Banking

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The gap between the numbers reported to shareholders and to the taxman is growing. Critics contend it’s time to explain why.

Content: Article | Author: Tim Reason | Source: CFO Publishing | Subjects: Accounting, Finance

The launch of electronic trade finance services could make oceans of paperwork disappear.

Content: Article | Author: Russ Banham | Source: CFO Publishing | Subjects: Finance, IT / Technology / E-Business

EBITDA, or Earnings Before Interest, Taxes, Depreciation and Amortization, has been used by analysts and investors to measure the fiscal health of the many high-tech, media and other asset-heavy firms that do not generate earnings, but instead incur plenty of depreciation, amortization and other charges. Recently, however, EBITDA has come under fire for contributing to accounting irregularities at such companies as WorldCom and AOL Time … [ Read more ]

Content: Article | Source: Knowledge@Wharton | Subjects: Accounting, Finance

Growth is essential for a business’ success, and many previous studies have shown that research and development is the key source of internal growth in the long run. But the question is which projects to fund and which ones to stop – which ones are promising and which ones too risky?

Content: Article | Authors: Christoph Loch, Kerstin Bode-Greuel | Source: INSEAD Knowledge | Subjects: Finance, Management

Despite a torrent of interest in ROI, truly workable solutions are just beginning to emerge.

See also: Numbers, Please
(“We asked CFOs how they view IT. Their answer: Very carefully.”)
Content: Article | Author: Norm Alster | Source: CFO Publishing | Subjects: Finance, IT / Technology / E-Business

The corporate scandals of the last year have left regulators and Congress working overtime on remedies such as better accounting standards and tougher penalties for renegade executives. But stock investors could use something else: an advance warning system to identify potential threats. Is there a way to tell, ahead of time, which publicly traded companies are most likely to cook the books? There’s no perfect … [ Read more ]

Content: Article | Source: Knowledge@Wharton | Subjects: Accounting, Finance

You have to piece together information from different parts of the annual report.

Content: Article | Source: BusinessWeek | Subjects: Accounting, Finance

The market’s distaste for complex financing could raise your company’s cost of capital, even if you comply with new reporting rules.

Content: Article | Author: Tim Reason | Source: CFO Publishing | Subject: Finance

Much of what happened in the 1990s also happened in the 1980s. Here’s hoping we don’t do it again.

Editor’s Note: Also includes an interesting historical timeline of selected relevant events starting in 1984.

Content: Article | Author: Julia Homer | Source: CFO Publishing | Subjects: Finance, History

To encourage fund managers to act solely in the interests of shareholders, activists want their proxy votes disclosed.

Content: Article | Author: Ronald Fink | Source: CFO Publishing | Subjects: Corporate Governance, Finance | Industry: Finance / Banking

Graham and Dodd’s 1934 classic explains the principles of value investing. “It’s a textbook, really, about how to value companies. The nuts and bolts.” Like, for example, how to assess a fixed-value investment, and how to choose common stocks. A must-have for rising analysts and an enduring bible for any investor who wants to know when to buy, sell, or hold. [Byron Wein Annotation]

Content: Book | Authors: Benjamin Graham, David L. Dodd | Subject: Finance | Industry: Investing

When Congress enacted the Community Reinvestment Act of 1977 (CRA), many financial institutions bristled at the thought of additional regulatory oversight, particularly when it would require the industry to lend to low-and moderate-income neighborhoods. In the 25 years since its enactment, does the CRA still inspire resistance from banks? Given its turbulent beginning, how effective has the CRA been and how can it be improved? … [ Read more ]

Content: Article | Source: Knowledge@Wharton | Subjects: Finance, Industry Specific | Industry: Finance / Banking