Financial markets

Many built-in problems and risks await the entrepreneur who is searching for capital. Being aware of the realities can help - realities like that raising...

Companies are increasingly paying for acquisitions with stock rather than cash. But both they and the companies they acquire need to understand just how big a difference that decision can make to the value shareholders will get from a deal.

Why Wall Street is wrong to worry about the impact on earnings per share.

With an aggressive but thoughtful approach, it's possible to survive a downturn - and even emerge stronger.

It's the small potatoes of financial malfeasance.

Some people—in particular, panicky policy makers at the Fed—fear that the new economy is a bubble about to burst. They’re dead wrong. Barring any government interference, the new economy is rock solid and here to stay.

And how technology is changing it now.

As part of the ongoing bailout of Citigroup, it was recently announced that the government's investment of about $25 billion in preferred stock would...

Whether, when, and how to take a family or individually owned company public are decisions that have faced a great many entrepreneurs. They have taken actions that have brought happiness and fulfillment to some and unhappiness to others. Perhaps people who are presently reflecting on such dilemmas can draw some useful thoughts from a study […]

Consumers in poor countries especially stand to benefit.

How five global trends are colliding to distort valuations.

The Chinese Central Bank has already begun experimenting with digital cash that could eliminate the need for paper money.

A year ago, most of us couldn't name a single asset in the Cerberus Capital Management portfolio. Today, we know them as the private equity firm that...

According to an analysis of annual reports.

Why do large corporations sell off business units to PE firms that make a fortune by selling them a few years later? The author, a former Rotman School...

The way we deal with risk depends on how we define it. This is often a more complicated task than appears. Risk is such a many-headed monster that selecting the right head to strike at can be a big challenge. Corporate executives have traditionally defined pension fund risk in terms of the trade-off between risk […]

Most of modern global strategy focuses on minimizing differences between countries. Perhaps it’s time to dust off approaches that exploit those differences as well.

Buybacks provide flexibility and push funding toward younger firms.

A distinctive brand is good for business, of course. But you’d be surprised how important it is to a firm’s overall performance. We studied how customer perceptions of brand differentiation related to stock price over the course of 11 years in 275 “monobrand” companies such as AT&T, Krispy Kreme Doughnuts, and Reebok. (Customer brand-perceptions data […]

It depends on the investor.