COVER STORY TITLED
"PRIVATE EQUITY & ITS RESPONSE TO COVID-19"
The onset of the pandemic has certainly changed the fundraising and investing landscape for private equity and other types of alternative financing. While most acknowledge that the lack of face-to-face meetings has made the fundraising process and due diligence on deals more difficult, the private equity industry and its related players remain a resilient lot. Even with the country’s shutdown and the resulting economic problems, private equity firms are prioritizing their existing portfolios, working to figure out ways to shore up these companies.
The average American is lacking when it comes to financial literacy—and women are often at a bigger disadvantage than men. And that’s unfortunate, because as the researchers found, strong financial knowledge correlates to a higher probability of handling unforeseen financial hardships well. The financial advisor can do much to eliminate the financial literacy gap that women face. And when a female client is financially literate, she’ll find financial decisions easier to make—and be more firmly set on her path to wealth management success.
ONLINE AND PRINT EDITIONS
To say that the American mall is dead is a gross exaggeration. While many shopping centers across the country are struggling, so-called Class A mall real estate, typically in densely populated major metropolitan areas with attractive demographics and innovative concepts, is doing well and piquing investor interest. While the shopping center of the past was largely dependent on large, well-known retail anchor stores, today’s mall developers are retrofitting space to become lifestyle hubs, relying on a mix of fine dining, entertainment, hotels, offices, health care providers and retail, among other concepts, to help generate traffic.
"WHEN FORMAL CONTROLS UNDERMINE TRUST & COOPERATION"
In today's business environment, control systems are de rigueur for safeguarding a corporation’s assets. With regulatory requirements at a fever pitch, corporate leaders must assess the effectiveness of various controls, and they need to understand how the interplay of formal and informal controls impacts the overall effectiveness of these same checks and balances. Explicit mechanisms, such as formal procedures, audits, financial reporting methods, and performance standards, prevent mistakes as well as outright fraud on the part of employees, management, and business partners.
INSIGHTS FROM GOIZUETA BUSINESS SCHOOL
It’s not every day a research paper sparks a stock sell-off on Wall Street. The reverberations began shortly after Daniel McCarthy, assistant professor of marketing, and his co-author Peter Fader, a professor of marketing at Wharton, published a journal article exploring the valuation of two e-commerce companies, Wayfair and Overstock.com. Using a methodology they named customer-based corporation valuation,” or CBCV, the researchers produced valuations on contractual and non-contractual companies based on customer value. This method is particularly useful for companies that rely heavily on returning customers or subscription models.