Since the formulation of the Miller and Modigliani propositions over 60 years ago, financial economists have been debating …
Valuation
University of Rochester Roundtable on Bailout vs. Bankruptcy: The Case...
In an event staged at Rochester’s Geva Theatre in the midst of the global financial crisis in 2009, …
Morgan Stanley Roundtable On Private Equity And Its Import For...
The role of private equity in global capital markets appears to be expanding at an extraordinary rate. Morgan …
Is Economic Growth Good For Investors?
When measured over long periods of time, the correlation of countries’ inflation- adjusted per capita GDP growth and …
Three Common Misconceptions About Markets (Or Why Earnings Smoothing, Guidance,...
Although many executives strive for stable earnings growth, finance theory and research have long suggested that the most …
ESG Investing In Graham & Doddsville
The author describes how and why the world’s best “business value investors” have long incorporated environmental, social, and …
An Unconventional Conglomerateur: Henry Singleton And Teledyne
Capital allocation involves decisions about raising and returning capital, and about acquiring and selling companies—all of which can …
Capital Allocation: Evidence, Analytical Methods, And Assessment Guidance
Capital allocation is one of top management’s primary responsibilities. Although always important, it is critical today because corporate …
Save The Buyback, Save Jobs
In response to a recent New York Times op-ed by Senators Schumer and Sanders deploring the effects of …