A model juggles who should suffer when a project goes awry; job market prospects of the CEO; and the quality of information shared in the boardroom
Known as collateralized loan obligations, their aim is actually to reduce risk
Loans that include a sweetener or penalty tied to ESG performance seem to induce more honest reporting
Syndicate voting rules reflect varying levels of trust and familiarity
Investors may underreact when information arrives in small, continuous bits
Examining executive pay tied to revenue growth to identify any correlation
We won’t call it debunking, but not all investing tips hold up
Director expertise disciplines CEO into providing better information
Equity volatility can encourage — or dampen — investment, depending on a firm’s bond spread
When CEO and analyst share a first name, earnings estimates are sharper
Companies might invest more in new ventures if they could see in advance how to redeploy the assets if things don’t pan out
The rise of passive investing leaves companies mistrusting market signals on how best to deploy capital
Real-world bond data reveals how the capital positions and liquidity of middlemen affect prices of securities they broker
Most companies use asset leasing for business reasons, not accounting window dressing
New technology’s upending of the old creates demand for alternative assets to offset risk