Corporate Finance

Many articles included in McKinsey on Finance can also be found on McKinsey's Insights & Publications Web site.

M&A as competitive advantage

August 2013—Treating M&A as a strategic capability can give companies an edge that their peers will struggle to replicate.more

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What’s next for the restructuring of Europe’s banks?

August 2013—The long period of stagnation is over, and European banks are increasingly undergoing restructuring.more

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Three steps to a more productive earnings call

August 2013—Traditional earnings calls are painfully unhelpful. Here’s how companies and investors alike can get more out of them.more

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Due diligence in China: Art, science, and self-defense

July 2013—Widespread delisting of Chinese companies has investors rethinking due diligence and looking harder for subtle clues that something is amiss.more

How to attract long-term investors: An interview with M&G’s Aled Smith

June 2013—The award-winning fund manager discusses what he looks for in a company when he’s making investment decisions.more

How markets view M&A: A McKinsey interpretive tool

April 2013—Explore how much value investors believe deals have created—and for whom.more

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Whither the US equity markets: An interactive simulator

April 2013—Explore how changes in the real economy or fundamental shifts in investor behavior might affect long-term equity returns.more

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M&A in 2012: Picking up the pace

April 2013—Merger activity increased during the second half of the year, in spite of high deal premiums. Here’s a look at how the markets reacted.more

Overcoming a bias against risk

August 2012—Risk-averse midlevel managers making routine investment decisions can shift an entire company’s risk profile. An organization-wide stance toward risk can help.more

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Avoiding a risk premium that unnecessarily kills your project

August 2012—Too high a discount rate can make good projects seem unattractive. How high is too high?more

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How strategists lead

July 2012—A Harvard Business School professor reflects on what she has learned from senior executives about the unique value that strategic leaders can bring to their companies.more

Not enough comps for valuation? Try statistical modeling

August 2012—Traditional approaches rely on data from comparable businesses—but such data aren’t always available. Statistical modeling can broaden the comparison while controlling for differences.more

A yen for global growth: The Japanese experience in cross-border M&A

August 2012—Japanese companies have embarked on an increasing number of international acquisitions in recent years. Can they learn from past failures and create value from cross-border deals?more

How to put your money where your strategy is

March 2012—Most companies allocate the same resources to the same business units year after year. That makes it difficult to realize strategic goals and undermines performance. Here’s how to overcome inertia.more

The power of an independent corporate center

March 2012—To develop a winning corporate strategy, you may need more muscle in your headquarters.more

Breaking strategic inertia: Tips from two leaders

April 2012—A CFO and a business unit head explain how they overcome the barriers that all too often separate capital, talent, and other resources from vital strategic goals.more

Why bad multiples happen to good companies

May 2012—A premium multiple is hard to come by and harder to keep. Executives should worry more about improving performance.more