Recent articles

1) The price of sexual harassment How much does workplace sexual harassment damage company value? Evidence from a new study suggests it’s more than you might think – a lot more. Until now, researchers have approached the question by measuring the short-term stock market reactions around public revelations of sexual harassment scandals. This line of research documents an immediate shareholder value loss of 0.6 percent to 1.5 percent of mark...

– Reuters (paywall) reported that US authorities took emergency measures to protect confidence in the banking system after the failure of Silicon Valley Bank (SVB) created fears of a wider financial crisis. Regulators said the bank’s customers would have access to all their depos...

Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank and any financial institution faced with a similar crisis. Companies may face both liquidity and solvency challenges, and the resulting constraints may lead to difficult decisions, including prioritizing the uses of limited cash. Board oversight of resulting decision-making will be implicated in many cases. Senior executives are advised to maintain a regular di...