Investors and Other Stakeholders (2025 CFA® Level I Exam – Corporate Issuers – LM2)

Master “Investors and Other Stakeholders” for CFA® Level I Corporate Issuers. In this lesson, Professor Jim compares bondholders and shareholders, explains explicit vs vague promises, shows how leverage shifts risk and return, and walks through stakeholder theory and ESG considerations for real corporate decisions. You will also learn the role of boards, covenants, default risk, and how credit ratings assess probability of default and loss given default.

What you will learn:

Bondholders vs shareholders claims, dividends, capital gains

Leverage, default risk, residual claim

Stakeholder groups and governance

ESG factors that affect operating, investing, and financing decisions

Practice what you learn with AnalystPrep:
Levels I, II & III (Lifetime access): https://analystprep.com/shop/cfa-unli...

Level I: https://analystprep.com/shop/cfa-leve...

Level II: https://analystprep.com/shop/learn-pr...

Level III: https://analystprep.com/shop/cfa-leve...

Prep Packages for the FRM® Program:

FRM Part I & Part II (Lifetime access): https://analystprep.com/shop/unlimite...

Topic 4 – Corporate Issuers
Learning Module 2 – Investors and Other Stakeholders
LOS : Compare the financial claims and motivations of lenders and shareholders.
LOS : Describe a company’s stakeholder groups and compare their interests.
LOS : Describe environmental, social, and governance factors of corporate issuers considered by investors.
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