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Providing Earnings Guidance? Think Again

Harvard Business Review

Less Volatility in Stock Price: The net effect of providing guidance is arguably a less volatile stock price, which can result in a lower beta and a lower cost of capital. FD) constraints.

CFO 11
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The Comprehensive Business Case for Sustainability

Harvard Business Review

McKinsey reports that the value at stake from sustainability concerns can be as a high as 70% of earnings before interest, taxes, depreciation, and amortization. Additionally, companies with superior environmental performance experienced lower cost of debt by 40-45 basis points. 3%; a market capitalization loss of $378M per firm.”