How Many More UPS-Like Goodwill Write-Downs Hide in Plain Sight in Corporate Governance?
507 firms hold over $1 billion in goodwill with market-to-book ratios below one, suggesting hidden risks. Learn how investors can scrutinize these firms for potential write-downs and what this reveals about corporate governance with insights from Columbia Business School.
Do Corporate ESG Pledges Really Benefit Stakeholders?
CBS Professor Shivaram Rajgopal finds that businesses that claim to be acting in stakeholders’ best interests show no signs of changed behavior.
Valuing Intangible Capital in the Age of Trillion-Dollar Tech Giants
New research by CBS Professor Shivaram Rajgopal and his co-authors uses historical company data to help investors more accurately estimate a company's value, promoting greater transparency.
Ratings Reimagined: How Synthetic Credit Ratings Can Compete with Agencies
CBS Professor Doron Nissim explores a new model for creating synthetic credit ratings.
Ratifying The Musk Award Might Lead To Large Earnings Hit For Tesla
Tesla’s 2024 proxy statement seems to argue that a shareholder ratification of the 2018 option to Mr. Musk, rescinded by the Delaware court, will lead no new charge for compensation expense. I don’t think that’s right.
Decoding Their Worth: A Novel Methodology to Assess Companies' R&D Investments
Columbia Business School Research Provides Industry-Specific Guidelines to Measure Future Value of In-House Intangible Investments Including R&D