Supplemental Materials: Corporate Finance and Reality
18 Pages Posted: 10 Jan 2022 Last revised: 9 Mar 2022
Date Written: December 27, 2021
This document contains supplemental materials for my AFA address entitled: “Presidential Address: Corporate Finance and Reality” (2022). The address paper provides updated data from and analysis of CFO surveys about corporate investment, capital structure, payout, planning, and other policies first investigated in Graham and Harvey (2001), Brav, Graham, Harvey, and Michaely (2015) and other papers.
The supplemental materials in this document include links to PowerPoint slides that were used in the address, plus additional slides that might be useful for teaching. An Excel file is included that contains the summary data that was used to create the PowerPoint slides. The document also includes the transcript for the Presidential Address along with a video link of the presentation. The address paper “Presidential Address: Corporate Finance and Reality” itself can be found here: https://ssrn.com/abstract=3994848
Keywords: corporate finance, capital structure, valuation, capital budgeting, investment, payout, stakeholder, goal of firm, planning
JEL Classification: G02, G30, G31, G32, G35, A00
Suggested Citation: Suggested Citation