Professor Christopher Malloy of Harvard Business School conducted a comprehensive back-testing study. The study, which analyzed over 3,000 earnings calls over 7 years, found an abnormal annualized return of 29.7%, after adjusting for market, size, value, and momentum factors.

Companies with a BIA rating of High Risk underperformed the market 59% of the time, while companies with a BIA rating of Low Risk outperformed the market 61% of the time.

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There is a customizable curriculum that includes both training and coaching to becoming an expert in the BIA methodology.

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BIA projects are more investment intelligence than standard due diligence. Clients often seek to answer more difficult questions than just the character and managerial acumen of one or more key executives. For example, BIA has addressed questions as broad as:

• What is the possibility for innovation/synergy following the merger of two large firms?
• Is the new company set for long-term growth?
• How well have the two firms integrated their corporate culture, sales force, and management?

Yes, the BIA methodology has been applied to HR interviewing skills, insurance company fraudulent claims, and supply chain management to name a few. If you have a need to ask better questions to get more insightful answers, please contact us.

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​Yes, Quarterly Conference Calls (QECs) are the most common sources of data. Other managment communications, such as management meetings, TV interviews, and press releases, are also analyzed.

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