Coming soon to the world’s leading bookseller

A definitive treatment of international cost of capital estimation for the serious finance professional, providing a comprehensive and practical guide to state-of-the-science theories, empirical methods, and principles: Expected in print: Mid-4th quarter, 2018. Malcolm McLelland…

What all valuation professionals need to know about IPCPL

In the valuation profession, there have been long-standing, unproductive arguments about how best to estimate something called the discount for lack of marketability (DLOM) for assets traded only in private capital markets.  In contrast, estimation…

What all finance professionals need to know about international cost of capital

In his book, “A Theory of Global Capitalism: Production, Class, and State In a Transnational World” published in 2004, the well-known sociologist William I. Robinson documents the how increasing global capital mobility has resulting in…

International cost of capital estimation

You are a well-trained finance professional working in a globalized capital market environment. You need to know the basics of estimating international cost of capital. All that is required to develop accurate, reliable estimates of…

Credit-linked notes: Overview

Credit-linked notes (CLNs) are financial instruments that can generally be used to simultaneously raise term funding, hedge credit risk, meet financial reporting objectives, and–in some cases–improve bank regulatory capital ratios.  Here is an outline of…

Biological asset valuation

This is a highly-technical article directed towards finance professionals, accountants, and auditors involved in corporate financial reporting; more specifically, for those professionals who have responsibility with understanding or complying with the biological asset valuation requirements…

Distressed credit portfolio valuation

The prolonged global economic downturn, begun in 2008-2009, has resulted in large distressed credit portfolios in banks and is putting them in potential non-compliance with Basel III capital requirements.  Here’s what bankers should know ……