1173 Posts Found

William F. Sharpe is the STANCO 25 Professor of Finance, Emeritus at Stanford University’s Graduate School of Business and Chairman, Financial Engines, Inc. He was one of the originators of the Capital Asset Pricing Model, developed the Sharpe Ratio for investment performance analysis, the binomial method for the valuation of options, the gradient method for asset allocation optimization, and returns-based style analysis for evaluating the … [ Read more ]

Content: Online Resource | Author: William F. Sharpe | Source: Stanford University | Subjects: Finance, People | Industry: Finance / Banking

Anyone with a Starbucks “stored value” card knows how easy it is these days to pay for his or her café latte. But the stored value card – like its higher-tech cousin the smart card, where value is stored on the card’s computer chip rather than on a server – is just one of the emerging technologies now gaining momentum while paper check usage is … [ Read more ]

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

Securities markets worldwide have been on a roller-coaster ride after the bursting of the dot-com bubble and Enron’s meltdown. Moreover, technology and globalization are breaking down old market structures and creating new virtual ones. How will investors and regulators deal with these challenges? Wharton’s Financial Institutions Center and the Brookings Institution organized a conference last week in Washington D.C. on “The Future of Securities Markets” … [ Read more ]

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

The Securities and Exchange Commission is concerned with the growing practice of issuing “pro forma” earnings reports that tend to paint a rosy picture of company results.

Pro forma, which means “as if”, has in recent years evolved into “a sophisticated term for lying about your results,” says Wharton accounting professor emeritus Peter H. Knutson. He compares companies that abuse pro forma statements to the husband … [ Read more ]

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

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Value-based management (VBM) has been defined as a means of making explicit the link between a company’s strategic and operating decisions and their effect on shareholder returns. As such it should be the natural framework for aligning executive incentives with the interests of stock market investors (Ittner and Larcker, 2000).

While many firms have embraced the VBM phenomenon in recent years, at least in their … [ Read more ]

Content: Article | Authors: Jean-Pierre Ponssard, Nicolas Mottis | Source: European Business Forum (EBF) | Subjects: Finance, Management

New merger-accouting rules may sharpen investor views of intangibles, but CFOs should also consider the impact of write-offs.

Content: Article | Authors: Jennifer Caplan, Roy Harris | Source: CFO Publishing | Subjects: Accounting, Finance

Many new software applications combine budgeting, forecasting, analytics, business intelligence, and collaboration. About the only thing this software can’t do is make employees use it.

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

Offering company stock in employee 401(k)s may not always be wise. Just ask Lucent.

Content: Article | Author: Russ Banham | Source: CFO Publishing | Subjects: Finance, Human Resources

Armed with his database of U.S. mergers, Harvard Business School professor Mark Mitchell has been exploring models of risk arbitrage that challenge earlier theories. What he’s found: Merger arbitrage is riskier than it looks.

Content: Article | Author: Emily S. Plishner | Source: Harvard Business School (HBS) Working Knowledge | Subject: Finance | Industry: Investment Banking

Multinationals are still choosing to offer options. They just need to be tailored to local tastes.

Content: Article | Author: Andrew Osterland | Source: CFO Publishing | Subjects: Finance, Human Resources

IPO.com is the most recognized source of news, analysis and information on early stage capital market investing information, including initial public offerings, venture capital and private placements.

Founded in 1997 by Brad Sinrod and David Roberts, IPO.com has become the most popular site for investors interested in early stage investment information and opportunities. Up-to-date analysis, calendars, news and searchable databases help make IPO.com the most timely … [ Read more ]

Content: Online Resource | Source: IPO.com | Subject: Finance | Industry: Investing

Content: Book | Authors: Alexandra Reed Lajoux, Stanley Foster Reed | Subject: Finance | Industry: Investment Banking

Attempts to gauge the ROI of advertising hinge on determining a brand’s overall value.

Content: Article | Author: Kris Frieswick | Source: CFO Publishing | Subjects: Finance, Marketing / Sales

How do you make decisions about business investments when the outcome and likely cash flows are almost unknowable? A new tool, real options analysis is now being used by firms like Merck and Shell. Professor Hevert explains how real options work, why it differs from older financial analysis and how it can be used to help make better decisions on highly risky multi-phase investments, … [ Read more ]

Content: Article | Author: Kathleen Hevert | Source: Babson Insight | Subjects: Finance, Management

As an increasing number of ailing companies are filing for Chapter 11 bankruptcy, an attractive alternative may exist —an out-of-court restructuring—that may offer some advantages over a Chapter 11 filing, including less publicity and potentially lower professional fees, including advisory and legal fees. Learn about the pros and cons of a restructuring from experts at Wharton and GE Capital.

Editor’s Note: direct link no longer … [ Read more ]

Content: Article | Source: GE Capital | Subject: Finance

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Severance packages are growing more generous as companies position themselves for a recovery.

Content: Article | Author: Kris Frieswick | Source: CFO Publishing | Subjects: Finance, Human Resources

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Which raises the question: is there an optimal way to organize treasury operations globally?

Content: Article | Authors: Abe De Ramos, Ann Queree | Source: CFO Publishing | Subject: Finance