| Autor: |
Hugh Grove, Mac Clouse |
| Jazyk: |
English<br />Russian |
| Rok vydání: |
2018 |
| Předmět: |
|
| Zdroj: |
Корпоративные финансы, Vol 12, Iss 1, Pp 107-114 (2018) |
| Druh dokumentu: |
article |
| ISSN: |
2073-0438 |
| DOI: |
10.17323/j.jcfr.2073-0438.12.1.2018.107-114 |
| Popis: |
An initial set of seven procedures was developed for assessing a company’s common stock. A second set consisting of ten procedures was developed for performing stealth or external financial (forensic) analysis on a company’s common stock. Also in this paper, a set of eight corporate governance principles, developed in secret over the course of one year by 13 prominent CEOs of U.S.-based global companies, were elaborated for an analysis of a company’s corporate governance practices. The purpose of this paper is to portray how financial analysts or Boards of Directors can use these procedures and principles in helping to assess the viability of the companies they are analyzing or serving and to develop key questions to ask of corporate executives. Thus, the first set of procedures elaborates seven reasons to consider for assessment of a company’s stock. The second set of procedures develops ten steps of stealth forensics that can be used to investigate the possibility of financial misconduct or company fraud. The last set of eight principles assesses the strength of corporate governance in a company. The importance of these principles was demonstrated by matching them with the practices of 18 companies that managed to destroy $1.5 trillion in market capitalization. All of these twenty-five procedures and principles will help strengthen financial analysis and corporate governance, especially for the role that financial analysts and Boards of Directors have when assessing the value of a company’s common stock for investors. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
|
