CFA Institute Corporate Finance

Earnings Conference Calls and Stock Returns: The Incremental Informativeness of Textual Tone

Thu, 10 May 2012 09:16:04

Corporate disclosures are increasingly being announced via quarterly earnings conference calls. In addition to factual information, language and tone play an important role in predicting abnormal returns and trading volume. Earnings surprises over the 60 ...

Do They Do It for the Money?

Thu, 10 May 2012 09:21:40

Previous studies have attributed insider trading to either rational economic motivations or noneconomic motivations. The authors use a database of insider-trading indictments and statistical analysis to show that insider trading cannot be explained by ...

Anti-Money Laundering and OFAC Sanctions Issues

Tue, 15 May 2012 13:16:34

The Bank Secrecy Act has strict regulations to prevent and detect money laundering. Its rules apply to almost all financial services companies. The Office of Foreign Assets Control (OFAC) administers broad economic sanctions programs designed to ...

Issue Brief: Compensation Disclosure and Analysis Template

Thu, 17 May 2012 15:24:04

This issue brief provides guidance to help issuers tell a story about their compensation policies, practices, and decisions,? and to guide issuers in creating a CD&A that can be read and understood by average retail investors.

Corporate Political Donations: Investment or Agency?

Fri, 18 May 2012 09:46:20

The authors examine corporate donations to political candidates for federal offices in the United States from 1991 to 2004. Firms that donate have operating characteristics consistent with the existence of a free cash flow problem, and donations are ...

The High Price of Cheap Debt: How can a CFO make the best decisions about debt for the business?

Fri, 18 May 2012 14:10:43

When considering new debt capital most focus on the interest rate, but features of the debt also have value.

Merger Modeling Workshop

Mon, 07 May 2012 09:32:39

This hands-on course focuses on the skills required to design and create a powerful model to analyze the impact of a merger or acquisition. Issues related to combining two companies will be reviewed and discussed.

Doug McGregor: Real Estate Finance & Investment Banking

Thu, 10 May 2012 11:36:11

This is a rare opportunity to gain valuable insights into the outlook for corporate and real estate finance in Canada from the head of investment banking at top-rated RBC Capital Markets, Douglas McGregor. Also head of the firm?s North American real ...

M&A Deal Structuring and Merger Modeling with Wall Street Training

Mon, 21 May 2012 11:44:04

This course focuses on the mergers and acquisitions process, the basics of deal structures, and covers the main tools and analyses that M&A investment bankers and acquirers utilize. Learn about common structural issues, crucial merger consequence ...