Enterprising Investor
Practical analysis for investment professionals

Corporate Finance


Winners and Losers in a World Without Quarterly Earnings

Clare Flynn Levy reflects on how reduced reporting frequency would alter real-world investment decisions, influencing which firms gain or fall behind.

Corporate Myopia: Less-Frequent Reporting Won’t Reduce Managerial Short-Termism

Evidence shows quarterly reporting is not the cause of corporate myopia. Incentive structures exert far greater pressure.

The Two AI Stories: Measurable Gains and Hidden Balance-Sheet Pressure

AI is boosting productivity, yet circular financing and concentrated capital flows raise valuation and balance-sheet risks.

The Earnings Dip Before a Sweet Deal: Going Private in Europe

European voluntary delistings often involve earnings management. This study shows the patterns and implications for investors.

Tokenized Money Market Funds: Cybersecurity Lessons from the Digital Cash Frontier

Tokenized MMFs merge blockchain with institutional finance and offer speed and composability but demand airtight cybersecurity and key controls.

LDI in Frontier Markets: Building Resilience, the Nigeria Case Study

Nigeria’s experience with LDI offers lessons for building financial resilience and managing long-term investment risks in frontier markets.

Book Review: The Financial Restructuring Tool Set

Explore Mike Harmon's expert guide to financial restructuring tools, distressed debt, and bankruptcy strategies for investors and practitioners.

How Do Shareholder Loans and Intangible Assets Impact PE Financials?

Investment professionals must carefully consider how shareholder loans and intangible assets influence financial ratios, as these factors materially shape the post-buyout financial landscape.

Book Review: The Making of Modern Corporate Finance

Donald Chew delivers a love letter to unfettered capitalism and the financial system that oils the gears of commerce.

What Lies Beneath a Buyout: The Complex Mechanics of Private Equity Deals

Private equity buyouts are complex financial maneuvers. By understanding the structuring that lies beneath these transactions, stakeholders can navigate the intricate world of PE buyouts with confidence and precision.