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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.

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Case Study: A Short-Seller Crashes the Party

Harvard Business Review

Terranola’s stock began tanking that afternoon, precipitating a slide that took the Seattle-based company’s reputation, employee morale, and ability to raise capital along with it. With the company’s share price sinking and its cost of capital rising, those deals might have to be put on hold. That’s chutzpah!

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How Blockchain Is Changing Finance

Harvard Business Review

Done right, ICOs can not only improve the efficiency of raising money, lowering the cost of capital for entrepreneurs and investors, but also democratize participation in global capital markets. If the world of venture capital can change radically in one year, what else can we transform?