Practical analysis for investment professionals

Corporate Finance


Lie Detection for Investment Professionals: A Summary of Lying and Deceit Behaviors

Jason Voss, CFA, provides a summary of the major research about lying and deceit behaviors, including a brief overview of dozens of research papers.

Buttonwood: Money for Nothing | The Economist

The Economist points out that corporations are more nimble than governments with regard to their financing. Because businesses are transnational entities, they can seek the lowest-cost domain for raising capital.

Book Review: Winning Investors Over

The job of management is to maximize corporate value, which leads CEOs to seek ways to boost their companies’ stock prices. Although generating consistent long-term earnings growth for shareholders would seem the obvious path to reaching that goal, every company will experience difficult times. The question is whether shareholders will regard a down quarter or year as simply a short detour on the overall journey or consider short-run earnings misses significant.

The Post Ratings Agency World: An Interview with Invictus Group’s Kamal Mustafa

A powerful alternative to traditional credit ratings is the scenario-planning approach developed by Kamal Mustafa, CEO of Invictus Consulting Group.

Generating Investment Ideas: Interview with Entegra’s Jim Butcher (Part 2)

In the second half of this interview with the CEO of Entegra Partners, Jim Butcher outlines the benefits of scenario planning, which he thinks is especially useful in these uncertain times.

Leadership Lesson for the Eurozone: The Rule of Small Groups

Physical limitations in humans seem to limit our ability to make effective group decisions when the number of the group exceeds seven members. This has important implications for boards of directors, investment committees, and transnational economic organizations, such as the eurozone.

The Mountain of Corporate Cash (Part 2): Cash Balances vs. Profits

In part one of “Is the Mountain of Corporate Cash an Illusion?” I argued that the growth in corporate cash balances is not as dramatic as is often reported by… READ MORE ›

Is the Mountain of Corporate Cash an Illusion? (Part 1)

Is the mountain of corporate cash an illusion? By comparing cash balances to total assets it may appear so. But what happens if you compare cash generation to profit generation by U.S. businesses?



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