Showing posts with label corporate finance. Show all posts
Showing posts with label corporate finance. Show all posts
Sunday, May 31, 2020

31/5/20: S&P500 Shares Buybacks: Retained Earnings and Risk Hedging

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Shares buybacks can have a severely destabilizing impact on longer term companies' valuations, as noted in numerous posts on this blog...
Wednesday, May 6, 2020

6/5/20: S&P500 and Fundamentals: What should matter, doesn't

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S&P500 and earnings per share: what should matter, doesn't We are now in extreme territory of the markets ignoring basic cor...
Friday, April 17, 2020

16/4/20: Lessons in Corporate Finance: COVID19

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My article summing up some corporate finance lessons from the COVID19 crisis is now available at The Currency :  https://www.thecurrency.n...
Thursday, March 19, 2020

18/3/20: What's Scarier? Corporate Finance or COVID?

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Larger corporates in the U.S. are seeking public supports in the face of COVID19 pandemic, from airlines to banks, and the demand for publ...
Thursday, July 18, 2019

17/9/19: Flight from Fundamentals is Flight from Quality: Corporate Risk

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Great chart via @jessefelder highlighting the extent to which the bond markets are getting seriously divorced from the normal 'fundame...
Wednesday, February 20, 2019

20/2/19: Crack and Opioids of Corporate Finance

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More addictive than crack or opioids, corporate debt is the sand-castle town's equivalent of water: it holds the 'marvels of castl...
Wednesday, January 9, 2019

9/1/19: Corporate tax inversions and shareholder wealth

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Our new paper "U.S. Tax Inversions and Shareholder Wealth" has been accepted for publication in the International Review of Fina...
Friday, December 30, 2016

30/12/16: Corporate Debt Grows Faster than Cash Reserves

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Based on the data from FactSet, U.S. corporate performance metrics remain weak. On the positive side, corporate cash balances were up 7....
Saturday, June 18, 2016

18/7/16: Gamed Financial Information and Regulation Misfires

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A recent interview by the Insights by Stanford Business, titled “In Financial Disclosures, Not All Information Is Equal” (all references a...
Friday, June 17, 2016

17/6/16: Credit markets on the ropes?

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In their research note, titled aptly “Credit Metrics Bode 1ll”, Moody’s Analytics produced a rather strong warning to the corporate credit...
Thursday, April 28, 2016

27/4/16: The Debt Crisis: It Hasn't Gone Away

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That thing we had back in 2007-2011? We used to call it a Global Financial Crisis or a Great Recession... but just as with other descripto...
Friday, April 15, 2016

15/4/16: Tech Sector Finance: Gravity of Gravy

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Previously, having posted on disconnection between S&P500 market valuations and basic corporate finance (earnings and distributions) -...

15/4/16: Corporate Finance, S&P500 and Bubble Trouble...

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Classical corporate finance tells us that companies should be valued on their earnings with past earnings being indicative of future earni...
Sunday, April 19, 2015

19/4/15: Three Strikes of the New Financial Regulation: Part 4 – CMU's Economics

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My fourth instalment on the latest policy innovation in Finance in the EU, covering the shaky economics of the Capital Markets Union is av...