Financial Statement Analysis
Penman and Pope refine classic value investing through the lens of financial statements.
Investment professionals must carefully consider how shareholder loans and intangible assets influence financial ratios, as these factors materially shape the post-buyout financial landscape.
This blog explores the mechanics of bank runs -- why they happen even in the absence of fundamental financial distress, and how central banks can intervene to stabilize the system.
As the PE landscape evolves, investment professionals must understand how to correctly capture the full picture of a portfolio company’s performance.
For financial analysts, understanding bank liquidity risks is essential not just for assessing individual banks but also for evaluating broader market conditions.
Discounted cash flow valuation offers a tempting sense of numerical clarity, but 80% of that “value” can rest on uncertain terminal assumptions. Fragile, indeed.
Big tech is spending big on AI technologies. Training and operating them has raised concerns about environmental impact. What disclosures should sustainable investors demand?
Proxy data and estimates are likely to play an important role in plugging disclosure gaps in financial institutions' Scope 3 emissions.
IFRS 18 responds to investors' concerns about challenges in comparing companies' financial performance.
We need to reconnect the economic implications of accounting for depreciation with goodwill amortization / impairment and other one-time charges.