THE BANK OF NOVA SCOTIA Stock The Bank of Nova Scotia
PALO ALTO NETWORKS, INC.
ROYAL BANK OF CANADA
THE TORONTO-DOMINION BANK
BANK OF MONTREAL
LULULEMON ATHLETICA INC.
COSTCO WHOLESALE CORPORATION
MICRON TECHNOLOGY, INC.
Our data set currently covers 21 countries. We intend to onboard another 9 countries by the end of the year. Most of them will be emerging markets, a few European. If you are interested to learn more about a specific country, let us know.
At present, we employ three measures of corporate performance: economic profit, interest coverage ratio (ICR), and the Altman Z’’-score. We intend to expand our range of measures by considering additional approaches for zombie identification. Some promising methodologies for this purpose include those proposed by Adalet McGowan et al. (2017), Storz et al. (2017), and Favara et al. (2021). Additionally, we will explore alternative indicators of financial distress, such as Ohlson's O-score, Merton's distance-to-default, and sovereign credit ratings.
Although we currently take inflation into account when assessing economic profit and generating thought leadership content, we intend to enhance our data extraction process by automatically incorporating a GDP deflator. This will provide users with the ability to consider changes in the price level when analyzing corporate performance data.
The "Our Insights" section contains research highlighting applications of the Crux of Capitalism data. We aim to expand this section continuously to offer detailed analyses of a particular research question related to corporate performance. The upcoming thought leadership piece will explore how examining the economy through the lens of economic profit can add value.