China will soon become the largest economy in the world, but many Westerners (myself included) know very little about it. I’ve thus tried to
Corporate Finance in China
China will soon become the largest economy in the world, but many Westerners (myself included) know very little about it. I've thus tried to educate
How Macroeconomic Conditions Affect Stock Prices
(This post was originally featured in the Review of Finance Managing Editor’s blog, which summarizes the lead article of each issue in a non-technical
Are US Industries Becoming More Concentrated?
(This post was originally featured in the Review of Finance Managing Editor’s blog, which summarizes the lead article of each issue in a non-technical
Conflicts of Interest Among M&A Advisors
The Importance of M&A Mergers and acquisitions (M&A) are arguably the most important decision that a company makes. Successful mergers can
How Short-Term Activists Create Long-Term Value
Activist hedge funds are often seen as the epitome of all that's wrong with capitalism. They cut investment, fire employees, and break contracts to
A Layman’s Guide to Separating Causation from Correlation … and Noticing When Claims of Causality are Invalid
Imagine you're the Minister for Education, deciding how large to make a school district. Larger school districts offer parents more school choice. You
How Proxy Advisors Influence Voting Outcomes
Proxy advisors are playing an increasingly influential role in corporate governance, by providing investors with guidance on how to vote in director
The UK’s Brexit Options
The UK voted for Brexit last June, but what does Brexit actually mean? The UK can pursue various options: staying in the Single Market, staying in the
CEOs Cut Investment To Sell Their Own Shares At High Prices
One of the most fundamental concerns with corporations is that they focus on short-term profit rather than investing for the long-term. This is a
Is Short Termism Really A Problem?
"Myopia [short-termism] is a first-order problem faced by the modern firm. In the last century, firms were predominantly capital-intensive, but
Conflicts of Interest Among Proxy Advisors
The Importance of Proxy Advisors Proxy advisors play a critical role in corporate governance. One important way in which shareholders exert