Risk Management: Page 66
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Small businesses 'muscled out' of aid to receive exclusive access to PPP loans
President Biden is targeting Paycheck Protection Program loans to businesses with fewer than 20 workers that he says received too little from the coronavirus rescue program in 2020.
By Jim Tyson • Feb. 22, 2021 -
Whole Foods/CFO Dive, data from https://media.wholefoodsmarket.com/image-library/category/prepared-foods
Report: Hardest-hit businesses received less than 10% of PPP loans
Companies in food services and similar businesses slammed by COVID-19 received a comparatively small portion of PPP loans in 2020, according to a Tax Policy Center analysis.
By Jim Tyson • Feb. 21, 2021 -
Explore the Trendline➔
Wire via Getty Images
TrendlineNavigating risk in turbulent times
CFOs must help their organizations mitigate risks by balancing the need for both growth and stability.
By CFO Dive staff -
"G.Tech Technology Factory Zhuhai China" by Chris from Shenzhen, China is licensed under CC BY-SA 2.0
Study: Post-pandemic economy to compel 107M workers to switch occupations
The coronavirus is spurring more company spending on automation and AI while creating workforce skill gaps, according to a McKinsey study.
By Jim Tyson • Feb. 18, 2021 -
Moriah Solomon. (2021). [Photograph]. Retrieved from Unsplash.
Prior business relationships influence PPP coronavirus lending, study finds
Banks used the PPP last year to strengthen relations with “large connected firms,” a joint study by Washington University in St. Louis, Boston College and the University of Geneva found.
By Jim Tyson • Feb. 17, 2021 -
Survey: Most financial executives not planning to use bitcoin as corporate asset
Volatility discourages most financial executives from ever adopting bitcoin even though it is gaining some acceptance in finance, according to a Gartner survey.
By Jim Tyson • Feb. 17, 2021 -
CBO: US federal debt to surge this decade, fueled by rising deficits
Annual federal deficits will rise to 5.7% of GDP by 2031, increasing U.S. debt to a record 107% of GDP that year, according to CBO projections.
By Jim Tyson • Feb. 16, 2021 -
Deep Dive
3 CFO mistakes to avoid as IT spend rises to record in 2021
Financial executives should avert mistakes in digital transformation as they budget record capital for IT purchases this year.
By Jim Tyson • Feb. 15, 2021 -
Survey: CFOs plan to shore up reserves against pandemic, other risks
CFOs are reacting to the pandemic-induced downturn by reshaping risk strategies and cushioning against future shocks, a Euler Hermes survey finds.
By Jim Tyson • Feb. 9, 2021 -
Study: Companies pivoted during Q3, boosting production even as pandemic spread
After the initial blow from the coronavirus, companies reallocated resources and revived production during the third quarter of 2020.
By Jim Tyson • Feb. 3, 2021 -
SEC appoints policy advisor to advance new initiatives on ESG
The appointment of an ESG advisor by the acting SEC chair follows commitments by President Biden to redouble efforts to combat climate change.
By Jim Tyson • Feb. 2, 2021 -
Study: Digital finance helped CFOs obtain pandemic aid
Government multiplied the impact of PPP and other aid thanks to the robust digital infrastructure in place, a McKinsey study found.
By Jim Tyson • Feb. 1, 2021 -
Companies that divested assets achieved high EBITDA growth: study
Especially for those facing earnings pressure, companies that divested during a downturn were able to boost cash flow, PwC says.
By Jim Tyson • Feb. 1, 2021 -
Deep Dive5 CFO tips for tapping today's abundant capital
Record monetary and fiscal stimulus is flooding markets with liquidity, giving CFOs an unusual opportunity to improve capital structure.
By Jim Tyson • Jan. 29, 2021 -
Getty Images
Survey: US companies retrenched less during pandemic than firms in China, India
The coronavirus has compelled fewer staff and pay cuts among U.S. companies than among firms in China, India and the Middle East, according to a survey from the Institute of Management Accountants.
By Jim Tyson • Jan. 28, 2021 -
Screen grab/CFO Dive, data from White Collar Week
After serving time, fraudster cautions against PPP, other emergency loans
Taking money hastily can create more problems than it solves if the additional resources aren’t tethered to need.
By Robert Freedman • Jan. 27, 2021 -
Remote work, whistleblower laws poised to fuel PPP, other fraud prosecutions
As the second year of PPP loans winds down, expect a surge in allegations by employees who feel declining allegiance to their employers, attorneys say.
By Robert Freedman • Jan. 26, 2021 -
SBA approves over $5B in loans during first week of PPP re-opening
Amid mounting costs from the pandemic, the SBA begins a new round of Paycheck Protection Program lending approved by Congress in December.
By Jim Tyson • Jan. 25, 2021 -
EY report: IPOs surge worldwide during Q4 amid pandemic
Liquidity from pandemic-related government spending helped fuel a rise in global IPOs during the fourth quarter of 2020 that will likely persist in 2021, Ernst & Young said.
By Jim Tyson • Jan. 24, 2021 -
Yellen: Small business, COVID-19 aid more important than deficits right now
The Biden Administration wants to amend rather than repeal the 2017 tax law by eliminating some benefits to large companies and the highest-income taxpayers, the Treasury nominee said during her confirmation hearing.
By Jim Tyson • Jan. 20, 2021 -
Deep Dive
4 ways CFOs can cut waste in spending on the cloud
The typical company wastes as much as 35% of its cloud budget, estimates show. Wasteful spending rose as many companies rushed to move operations into the cloud during the pandemic.
By Jim Tyson • Jan. 18, 2021 -
CFOs, HR leaders optimistic about recovery in 2021, survey finds
Financial executives at emerging and mid-market businesses expect COVID-19 vaccine distributions this year to brighten the economic outlook.
By Jim Tyson • Jan. 14, 2021 -
Retrieved from Unsplash.
Companies experiencing financial, operational stress from COVID-19, survey finds
Publicly traded company leaders anticipate a surge of bankruptcies as the dust clears, a Boston Consulting Group survey found.
By Robert Freedman • Jan. 12, 2021 -
Deep Dive
2021 Outlook: Why, and how, the CFO should lead ESG efforts
This year, CFOs should prepare their companies for increased scrutiny on environmental, social and governance performance, if they haven't already.
By Jane Thier • Jan. 12, 2021 -
North American M&A deal volume hits record Q4, survey finds
Although deal-makers shook off the pandemic during the fourth quarter, total global transactions fell last year to the lowest level since the mortgage finance crisis.
By Jim Tyson • Jan. 12, 2021 -
As fraud rises, CFOs must approach numbers skeptically, report finds
Executives might be committed to accuracy, but middle managers and others throughout the organization must be on board, too.
By Robert Freedman • Jan. 12, 2021
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