Topic: Corporate Investment
Looming Risk to Financial System: $1 Trillion in Commercial Loan Pools
Known as collateralized loan obligations, their aim is actually to reduce risk
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
Sorting Out Conflicts of Interest in Commercial Loan Syndicates
Syndicate voting rules reflect varying levels of trust and familiarity
A Solution to the Debate over Momentum’s Cause?
Investors may underreact when information arrives in small, continuous bits
Does Cross Ownership By Big Investors Make Industries Less Competitive?
Examining executive pay tied to revenue growth to identify any correlation
46 Possible Stock Market Strategies from Academics Get a Retest
We won’t call it debunking, but not all investing tips hold up
A Skeptical Board Can Protect Shareholders From an Empire-Building CEO
Director expertise disciplines CEO into providing better information
How Bond and Stock Prices Combine to Influence Corporate Investment
Equity volatility can encourage — or dampen — investment, depending on a firm’s bond spread
“How’re Sales, Roger?” “Good Question, Roger!”
When CEO and analyst share a first name, earnings estimates are sharper
How to Spur Capital Spending: Plan for Failure
Companies might invest more in new ventures if they could see in advance how to redeploy the assets if things don’t pan out
How ETFs Muffle Stock Market Feedback to Managers
The rise of passive investing leaves companies mistrusting market signals on how best to deploy capital
Financial Constraints on Intermediaries Cause Asset Mispricing
Real-world bond data reveals how the capital positions and liquidity of middlemen affect prices of securities they broker
Why Corporate Leasing Practices Deserve More Respect
Most companies use asset leasing for business reasons, not accounting window dressing
How Tech’s Disruption Alters Investors’ Appetite for Risk
New technology’s upending of the old creates demand for alternative assets to offset risk
How Very Small Stocks Skew Investing Wisdom
Well-known market anomalies are largely absent among the biggest stocks