In a well-functioning capital market, profits should be the sole criterion for firm survival; that is, firms reporting losses should disappear. Of late,...

An analysis finds CMO pay declining while CTO pay skyrockets.

Case Study Reprint

Supplement to case 117046. The case presents ExxonMobil's response to growing pressure to disclose how climate change will impact their business. This...

The authors interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks who follow technology...

The number of companies listed on U.S. stock exchanges declined by almost 50% from its peak in 1996. The number of listed firms can decline because of...

One of the most important uses of financial statements is to enable investors to make timely decisions about buying and selling stocks. In the simplest...

Case Study Reprint

In September 2016, the U.S. Securities and Exchange Commission (SEC) launched an investigation into ExxonMobil's accounting treatment of its oil and gas...

Should dual-class stock be totally eliminated or, at least, have a mandatory sunset clause? In the authors' view, while the proposal to ban dual-class...

The McKinsey Global Institute, in conjunction with FCLT Global, recently released impactful research stating that long-term-oriented companies perform...

Until the late 1970s, companies spent about the same amount on R&D and advertising. Today, they spend ten times more on R&D. There are several other explanations...

And the more stock they give, the less likely whistleblowing becomes.

Why do investors react negatively to financial statement losses for an industrial firm but disregard such losses for a digital firm? One reason is that...

Modern digital companies such as Uber, Facebook, and Alphabet play an increasingly important role in the economy, but their financial statements fail...

Marriott waited 11 weeks to reveal that 383 million customer record had been compromised, exposing at least 25 million passport numbers and 8 million...

Since April 1, 2018 till date, 228 women have been appointed to boards relative to 433 men. That data points to the well-known gender disparity in the...