Topic: Corporate Finance

Cube puzzle wooden blocks isolated on white background. Research Brief / Risk Management

Loan Pool Covenants, Meant to Contain Risk, Can Instead Spread It

Forced sale of assets could stretch illiquidity across industries

A gloomy seascape. Research Brief / Corporate Finance

Looming Risk to Financial System: $1 Trillion in Commercial Loan Pools

Known as collateralized loan obligations, their aim is actually to reduce risk

A close-up of soapy green water Research Brief / Debt

The Debt Market’s Indirect Antidote to ESG Greenwashing

Loans that include a sweetener or penalty tied to ESG performance seem to induce more honest reporting

A graphic illustration of the stock market Research Question / Markets

What Limited Attention Does to Efficient Market Theory

Stocks don’t react to news immediately because, well, we’re human

A cityscape at sunset overlaid with a grid of lighted network Research Brief / Banking

Banks Transmit Financial Shocks, Including from Natural Disasters

How a localized flood may result in fewer loans to a far-off community

The exterior of a bank in Greece is shown as a man in a blue shirt walks in front of it. Research Brief / Banking

In a Crisis, Solvent Borrowers are Overcharged, Subsidizing Troubled Bank Clients

An unusual data trove from Greece’s economic collapse reveals the practice

The old Continental Illinois building in Chicago Research Brief / Finance

Sorting Out Conflicts of Interest in Commercial Loan Syndicates

Syndicate voting rules reflect varying levels of trust and familiarity

Illustration of a bridge made out of gears with a red connecting section in the middle Research Brief / Banking

Banks, Freed to Operate Across State Lines, Helped Stabilize the Economy

Lenders financed expansion in some markets, offsetting problems in others

A metal trash can containing four wadded up pieces of paper Research Brief / Investing

46 Possible Stock Market Strategies from Academics Get a Retest

We won’t call it debunking, but not all investing tips hold up

Six office workers seen talking and performing various tasks Research Brief / Finance

Adapting Value Investing to the 21st Century

Including intangible assets in book value vastly improves the strategy’s returns

Manila file folders with U.S. government form 8-K on top Research Brief / Corporate Finance

Corporate Borrowing on the Down Low

18% of firms fail to promptly disclose new loan deals

An angled shot of the U.S. Federal Reserve building Research Brief / Banking

When the Fed Taps the Brakes, Not All Banks Slow Down

Some lenders’ balance sheets are less affected by a rising federal funds rate

A man dressed in pink dress shirt and tie pointing at himself in the mirror Research Brief / Finance

“How’re Sales, Roger?” “Good Question, Roger!”

When CEO and analyst share a first name, earnings estimates are sharper

Jay Powell Research Brief / Markets

Corporate Bond Market Meltdown Averted after Fed Action

Decade-old bank-risk limits may have exacerbated liquidity problems

Blurry image of a document that has redaction Research Brief / Banking

When Lenders Put a Muzzle on Borrowers

Companies hide from shareholders information about loans — more than likely to appease banks

Digital map Research Brief / Markets

Does Better Corporate Disclosure Boost Markets?

Stronger financial reporting standards seem to mean more for growth of countries’ credit markets than their stock markets