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Why Financial Statements Don’t Work for Digital Companies

Harvard Business

In the 2016 book The End of Accounting , NYU Stern Professor Baruch Lev claimed that over the last 100 years or so, financial reports have become less useful in capital market decisions. This becomes clear when you look at a company’s two most important financial statements: the balance sheet and the income statement.

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How the Great Recession Changed Banking

Harvard Business

The market panicked. That strengthened investment banks’ balance sheets by forcing them to scale back and to change the nature of the risks they take. They are subject to more rigorous stress testing by regulators and have to develop plans aimed at ensuring that they can recover from a crisis.

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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

That deal sent the price of Brent crude oil to above $70 a barrel in January, after the industry that had suffered through $54 per barrel oil on average in 2017. The recent price swings highlight a new era of uncertainty gripping the world’s energy markets.

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Midsize Cities Are Entrepreneurship’s Real Test

Harvard Business

Scaling Up Manizales ( Manizales-Más in Spanish), an economic development coalition of local institutions and the Babson Entrepreneurship Ecosystem Platform (BEEP), which I created and lead, was launched in 2012 with the ambitious aim of revolutionizing the pursuit of opportunity. strategic hires).