Welcome to Lippincott Library Fall 2016

Welcome to the Fall 2016 semester and the Lippincott Library!!    The Lippincott Library supports the academic and research needs of the Wharton School.  Visit our website, contact us, chat with us, email lippinco@wharton.upenn.edu or stop by and see us.

Here’s a few tips to help get you started.

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X marks the spot!!  Lippincott is located at 3420 Walnut Street.  Just look for the statue of “Broken Button“, located on Locust Walk at the entrance to the Van Pelt Library Building.  Lippincott is located on the 2nd floor, west wing of the building.

Use our Lippincott Services Guide to learn about all of our services.

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The Yablon Financial Resources Lab, located at the library, includes Bloomberg and Capital IQ terminals.  This space is available to Wharton students only whenever the building is open.

 

 

 

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Read  Datapoints, Lippincott’s blog,  to find out about business databases including content coverage and search tips. Posts also cover Workshops, such as Bloomberg 101 and other Library happenings.

 

Search the Business FAQ to locate the best resources to answer your research question.

 

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Follow us on Twitter@LippincottLib

 

 

 

Book our group study rooms to practice presentations, hold meetings, and create content as a group.  These include 4 small study spaces, 2 group meeting rooms and a larger Seminar Room.

Join friends for a snack in Mark’s Café

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Make use of all of the equipment and programs available at the Weigle Information Commons .

 

 

Sign up for workshops including Bloomberg 101, Entrepreneurship,  and Job Interview Prep.

What’s it worth to you? Company Valuation Resources

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Contributors:  Cynthia L. Cronin-Kardon and Mia Wells

Valuation is used in business to determine the price participants are willing to pay or receive to buy or sell a business. Needless to say, the seller is looking to make as much profit on the deal as possible while the buyer hopes to pay as little as possible. Various resources can help determine the best price for the transaction. Listed below are some Lippincott Library resources to help students with assignments for a number of Wharton courses including FNCE207/728 – Corporate Valuation (which also has a course guide); FNCE250/750 – Venture Capital & the Finance of Innovation; and FNCE251/751 – Finance of Buyouts & Acquisitions.


 

Comparable Deals
You’ll want to search for precedent transactions in the industry of the company you are valuing. Several sources allow you to search for comps by industry (SIC code, NAICS code, or alphabetically by name).

BizComps is a database of business sale statistics which are based on small business sales transaction data. After searching by SIC or NAICS code, you’ll be presented with a list of recent deals. Select those of interest and you can run a “Transaction Analysis,” which will give summary statistics/multiples on the deals you’ve chosen. Ask to be logged in by a librarian at our Reference Desk.bizcompsborder

 

Business Valuations by Industry is a print source available at Lippincott Library ReferenceBusValIndusMerged Desk (call number HG4028.V3 B78). It includes detailed studies of actual mergers and acquisitions, including deal “tearsheets”. This source is arranged by industry and includes actual transactions from 2007 through 2009. Profiles of buyers are included as well as some some foreign transactions and deal terminations. This is a great resource when you want to profile selected, covered deals.

 

 

 

Betas
Beta measure the volatility of an industry or company within the market as a whole. Betas help to calculate the risk of an investment.

Industry BetasFor industry betas, use the Ibbotson SBBI Valuation Yearbook, a print guide held at our Reference Desk (call number HG4028.V3 S86).

 

companybetaCompany betas are in Bloomberg, available in the Yablon Financial Resources Lab here in Lippincott, or the Forum level of Huntsman Hall. Search for a company of interest and run the Beta function by typing BETA <Go>.

 

 

Best practices
It’s always smart to look to the experts for advice – these sources will give you tips and tricks when performing a valuation for a company within a certain industry.

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Business Reference Guide is a print source located at Lippincott Library Reference Desk (HD1393.25 .B87). This source provides several types of information which can be used for pricing businesses and franchises.  It is organized by industry and includes industry statistics from IBISWorld, “rules of thumb” by industry analysts, pricing tips, benchmarks, commentary, expenses as a percentage of annual sales and industry costs.

 

 

Standard & Poor’s Net Advantage provides industry surveys. One unique feature of this source the section included for every industry on “How to Analyze a Company in this

S&PIndustry”. To access this, click on Industries, select the survey of interest. Next scroll to the chapter titled, “How to Analyze a(n) […] Company,” which also contains a section on Equity Valuation as well as a glossary of industry terminology.

 

 

 

Company multiples
To track multiples of a company over time, use the sources listed below. This will help you price out the company itself or help you to compare it against a similar firm.

Multiples_VinceS&P Capital IQ provides lots of financial data including multiples. MBAs can access CapIQ via MBA Career Management, while Wharton undergraduates can come to the Yablon Financial Resources Lab and ask to be logged in by a librarian. Search for a public company of interest and look for Financials/Valuation in the left menu. You can change the date range to see multiples over time, as well.

 

BloomFA

Bloomberg is available in the Yablon Financial Resources Lab or the Forum level of Huntsman Hall. Search for a company of interest and run the Financial Analysis function by typing FA <Go>. Look for the Enterprise Value tab.

 

Past M&A deal tearsheets
You may find it helpful to look for past deals to get a sense of how many deals a company has done in the past, what were the specifics of a deal or how active the M&A market is in a certain industry.

Thomson ONE – note that this resource only loads with full functionality when using Internet Explorer. Once inside, scroll over Screening & Analysis, then Deals & League Tables, then M&A to select either a Quick Search or Advanced Search.

Zephyr – select Zephyr Advanced. Pick the variables to define your search. Below is a screenshot of a list of deals. You can click on any of these to get a detailed summary of the deal.Zephyr

This post may have additional information – What’s the Deal? Researching Specific M&A Deals

 

 

 

 

Put our Services to the Test

Welcome to Lippincott and the start of a new academic year!  We have a number of services to help make your life at Penn a lot easier.  Some of these services are described here.

 

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DOCUMENT DELIVERY. Available to MBAs,  PhD candidates and Faculty. Please send an email to docdel@wharton.upenn.edu to request articles and book chapters. Include the full citation for the fastest reply.

BUSINESS FAQ.  Your 24/7 librarian. Search by keyword to find resources on your topic such as financial ratios, consumer demographics, analyst reports and many more.

RESEARCH ASSISTANCE.  Email us, chat, call us at 215-898-5924 or contact a subject specialist on your topic. Ask for a Consultation for yourself or your team. We know where to find the academic resources that you need.

WHARTON LAB COMPUTERS AND PRINTERS.  Too crowded over at Wharton?  Come over to Lippincott and use the Wharton Lab Computers here.  These computers are reserved for Wharton students and have all the same programs and features that are available on Wharton computers.  Sign in using your Wharton account information.

GROUP STUDY ROOMS.  Have a team project or group presentation?  Reserve a room  for your meeting.  Some rooms are larger and can accomodate up to 12 people.

YABLON FINAYablon 1NCIAL RESOURCES LAB.  Bloomberg and Capital IQ are at your fingertips.  Log in with your Wharton account information.  First time you use Bloomberg, create your own account.  Librarians log you into Capital IQ.

 

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DATAPOINTS is the Lippincott Library’s blog. Follow us to learn tricks and tips about Bloomberg and many other Library databases.  Look for postings on new Library resources.  See this post, for example: Top 10 Resources for MBAs .

WORKSbloomberg120611_2_560HOPS.  Wednesdays are Bloomberg days.  Every week we provide Bloomberg training from 3:30 – 4:30 in the Yablon Financial Resources Lab.  You can register here: Business Workshops.   It’s hands-on so be sure to come a few minutes early to create your own Bloomberg account.

We also offer other workshops on Job Search, Company Information and Business Research Skills.  See the training schedule to find out what workshops are being offered. Registration is recommended.

RESEARCH TO GO.  Every Monday -Thursday we come to you.  Reference Librarians are available from 12:30 – 1:30 in Huntsman Hall 251.  Drop in and get fast answers to your job search or research questions.8-27-2014 2-49-11 PM

TEXT BOOKS.  Available for many Wharton courses at the Lippincott Reserve Desk.  Most can be checked out for three hours and used in the Library.

 

SUBJECT/COURSE GUIDES.  Subject Specialist have prepared Guides by subject area or course.  Use these to find resources for your projects and assignments.  Contact a Specialist for additional information.

FRANKLIN is the Library Catalog.  Use this to search for books, journals, videos and more.

MARK’S CAFE.  Food.  Drink.  Comfort.

Take advantage of the services available to you.  Hope to see you soon.

 

 

 

 

 

 

 

 

Top 10 Resources for MBAs

The librarians at the Lippincott Library are excited to have new MBAs on campus. We’ve put together a listing of 10 resources/services available through the library that we think you should know about.
1. Wall Street Journal – The library has full-text access to the newspaper through a number of our subscription databases (just not through WSJ.com). You can browse the latest 2 weeks of the newspaper in Factiva.  Other places to find the Wall Street Journal can be found here.  You can also access The Economist, and other news sources.

docdel00012. Document Delivery – MBAs have access to a special delivery service for articles and book chapters. Send citations of interest to docdel@wharton.upenn.edu and we will scan or download the items you need & send them to you via email. This service was previously only available to faculty and PhDs but we’ve opened it up to MBAs – saving you both the time and headache of searching for the full-text.

Business Databases3. Subscriptions to 100+ business specific databases. Some highlights include databases that cover market and industry reports as well as financial resources used in the industry like Bloomberg, Factset, SDC, and many more.

4. Wharton MBAs have remote access to S&P Capital IQ through MBA Career Management – click on “Students”, then select “Research Tools”. Remote access will become available at the start of the Fall Term. Capital IQ is also available in the Lippincott Library for students with a Wharton login account.

5. Business FAQ – Provides quick reference help on a wide range of questions relating to business research. The FAQ is a knowledge base consisting of 15 broad categories (e.g. “Finance”) and more than 600 specific questions (e.g. “How do I find Info on Venture Capital and Private Equity?“). Take a look at our recent blog post, Just the FAQs, to learn more.

Guides6. Research Guides – Helpful guides put together by subject specialists at the Lippincott Library. The guides cover industries, geographies, and other business topics. Each guide includes links to subscription databases, journals, books, and other helpful resources that relate to the guide’s topic. Research Guides are a good starting point if you are new to a topic or just beginning your research.

4557vitale7. Group Study Rooms – The library has study spaces that you can reserve for groups of 4 to 12 people for up to two hours a day. We hope that when you are not collaborating in 2401 Walnut, you know that you have a place to meet with your group in Lippincott.

Research To Go8. Research To Go is one of the many ways that you can contact the librarians at the Lippincott Library. From 12:30pm to 1:30pm, Monday through Thursday, you can find a librarian in JMHH 251. Drop in for a reference consultation, no appointment is needed. Please feel free to interrupt us!

Bloomberg1019. Financial Database Instruction – Over the course of the school year, the Lippincott Library will be offering a variety of 1-hour classes covering topics like financial databases (Bloomberg & Capital IQ), Entrepreneurial Research, and Business Research Strategies. Database instruction will be hosted in the newest space in Lippincott, the Yablon Financial Resources Lab, when it’s completed at the start of the Fall Semester. A full listing of offerings will be available on the website.

Librarians10. Last but definitely not least, get research assistance from one of Lippincott’s six Business Research Librarians. There are lots of ways to contact us and we hope that you do. We will gladly help you get started with your research and projects!

Visiting Lippincott Library  You can access most of our electronic databases remotely, all you need is your Pennkey ID and password. However, there are some perks to visiting the library.

  • What do textbooks, laptop locks, and headphones all have in common? You can check-out these items from the Lippincott Library Reserve Desk for three hours at a time for use within the library.
  • With your Wharton ID and password you can log into computers that have the same image as the computers in Huntsman Hall. This allows you to do the same work you do in Huntsman, but in the library.
  • Access a number of specialized financial databases like Bloomberg, Capital IQ, Factset, SDC, Datastream, Morningstar Direct and Prowess.
  • Wharton printer – You can print in the library using your Wharton print account.
  • Scanner – Scan documents for free directly to your USB or email.
  • And, of course, in-person research assistance from the Lippincott Librarians. Come visit us at the Reference Desk.

Jill & Paul Yablon Classroom – Progress Update

Please excuse our appearanceThe construction crew has been hard at work on the future Jill & Paul Yablon Classroom. If you’ve visited the Lippincott Library in the past couple of weeks you’ve probably noticed some changes around the library. For the construction, we’ve relocated several computer terminals which are used for databases like Bloomberg, SDC, Factset, Datastream, and Morningstar. Ask at the reference desk for their new locations. The construction crew has also left its mark with plastic sheeting covering the work space and a noise level that is above the usual library volume. We apologize for the noise and the mess!

The room is really starting to take shape. Most of the framing has been done and we can now visualize how the room will look when it’s completed.  Here are some pictures of behind the scenes.

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Jill & Paul Yablon Classroom Coming to Lippincott

Yablon 4Construction of a classroom space in Lippincott Library’s staff work area (located behind the Reference Desk) will begin in mid May. The room is made possible by a generous gift from Wharton Alumnae Jill Yablon and her husband Paul. Scheduled for completion by September 2013, the classroom will have 16 computer stations with dual monitors, plus a teaching station. It will be used to provide hands-on instruction for Bloomberg, S&P Capital IQ, and other financial databases. The room will be available to the Penn Community when it is not being used for instruction.

The movers already got to work on Thursday by moving all of the furniture out of the staff area.

We will keep you updated on the progress throughout the summer. Please excuse the noise and dust while construction is taking place!