Musings on Markets

JANUARY 28, 2024

In particular, there are wide variations in how risk is measured, and once measured, across companies and countries, and those variations can lead to differences in expected returns and hurdle rates, central to both corporate finance and investing judgments.

Hurdle Rate 93

Hurdle Rate Concentration Investments Finance 93

Musings on Markets

JANUARY 12, 2021

Last week, was my data week, where I download and analyze data on all publicly traded companies, listed anywhere in the world, and I will post extensively on what the numbers look like after a most tumultuous year. Corporate Finance : Corporate finance is the development of the first financial principles that govern how to run a business.

Valuation 52

Valuation Corporate Finance Finance Investments 52

Musings on Markets

JANUARY 9, 2021

In closing, I also want to dispense with the notion that data is objective and that numbers-focused people have no bias. Finally, it is worth noting that, notwithstanding the travails of last year, the number of firms in the data universe increased from 44,394 firms at the start of 2020 to 46,579 firms, a 4.9%

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Corporate Finance Lab

MARCH 27, 2023

The impact on the market of corporate control First, one may wonder what the impact of these two brand-new FDI screening mechanisms will be on the Benelux market for corporate control. [1] One reason is that Belgian and Dutch companies are typically characterised by a highly concentrated (family) shareholder structure.

Economics 57

Economics Mergers and Acquisitions (M&A) Investments Concentration 57

Musings on Markets

AUGUST 15, 2023

After the rating downgrade, my mailbox was inundated with questions of what this action meant for investing, in general, and for corporate finance and valuation practice, in particular, and this post is my attempt to answer them all with one post. What is a risk free investment? Why does the risk-free rate matter?

Investments 80

Investments Currencies Treasury Hurdle Rate 80

Corporate Finance Lab

MAY 12, 2022

Although the firm-level evidence is mixed and the number of studies in favor and against the short-termism is roughly the same, Roe argues that the studies finding no short-termism problem are more convincing. PAPAIOANNOU, “Corporate Control around the World”, Journal of Finance 2020, (1191) 1205. [2] AMINADAV and E.

Marketing 78

Marketing Economics Investments Concentration 78

Barry Ritholtz

APRIL 11, 2023

DAMODARAN: I am interested in numbers. I’m naturally a numbers person. To me, storytelling is much more — I mean, if you think about the history of humanity, for thousands of years, the way we pass down information was with stories, not numbers. It has allowed for this acceleration of number crunching.

Valuation 114

Valuation Education Finance Investments 114