Strategy & Corporate Finance Insights

The impact of COVID-19 on capital markets, one year in

Stock market performance reveals the impact of accelerating trends, growing gaps between the winners and the rest, and a flow of value to megaplayers.

Global Economics Intelligence executive summary, March 2021

– Amid a resurging pandemic, the economic recovery accelerates, pushed forward by demand and output from China and the United States.

The coronavirus effect on global economic sentiment

– In a new global survey, executives see positive momentum building in the economy. But the pandemic still persists as an outsize... risk to growth.

Nine scenarios for the COVID-19 economy

– Learn more about potential economic outcomes of the COVID-19 crisis and how global executives rate the likelihood of each one.

Should you start issuing EPS guidance again?

– You may have suspended the practice because of the COVID-19 crisis. But if you resume it now, you may miss an opportunity to improve... communications with investors.

Four regions, four stories of recovery and resilience

– An assessment of shareholder returns in the world’s four largest capital markets reveals how the global stock market fared... in the face of the COVID-19 pandemic.
Interview - McKinsey Quarterly

Democratizing Indonesia’s housing market: An interview with Pahala Mansury

– BTN’s former president director explains how the Indonesian bank is making housing affordable for all during the COVID-19... pandemic.

Why 2021 will define the next decade for Australian companies

– Companies face increased threats and opportunities from disruption, but a return to business as usual won’t be sufficient... to generate outperformance. Now is the time to take ambitious action.

Innovation: Your launchpad out of the COVID-19 crisis

– To innovate your way out of this downturn, you need to change behaviors and mindsets—starting at the very top.

Strategic resilience during the COVID-19 crisis

– Organizations that rapidly reinvented themselves in response to the pandemic can provide lessons on resilience.

Global Economics Intelligence executive summary, February 2021

– Economic recovery is driven by manufacturing and trade, with surging demand from China; vaccination programs make progress, if... slowly.

Accounting for values and valuation

– Former UPS finance chief Kurt Kuehn describes how the SASB framework can help companies measure, manage, and disclose material... ESG and other nonfinancial risks.

This way out: How leading companies chart a full-potential COVID-Exit

– Half measures and incrementalism won’t work when your company emerges from a crisis. Here’s how leading organizations... are thinking about holistic transformation to go all in.

The state of internal carbon pricing

– More and more companies are experimenting with internal carbon charges—but are their pricing thresholds correct?

A data-driven approach to improving net working capital

– Better performance relies on greater visibility into processes and decisions. The right combination of technology, capabilities,... and mindsets can make all the difference.
Article - McKinsey Quarterly

How capital markets keep us connected

– Nasdaq’s 50th anniversary reminds us that markets should be more inclusive, share more information, inspire innovation,... and bring the world together.
Interview - McKinsey Quarterly

Taking stock: Catching up with Nasdaq CEO Adena Friedman

– How has the global market exchange remained relevant to its stakeholders after 50 years? By embracing changes in technology, society,... and the economy and by meeting customers’ needs with innovation.

Global Economics Intelligence executive summary, January 2021

– The economic recovery is exceeding expectations, but the pandemic has worsened; vaccination programs and the fight against the... virus will dictate further progress.
Article - McKinsey Quarterly

Bias busters: Don’t steer your strategy by the wrong star

– Leaders’ plans may falter if they’re relying on superficial analogies to find answers to their biggest problems.

Featured publication


Beat the odds with a bold business strategy

Learn what it takes to unlock the big moves that really matter for exceptional performance.

Valuation: Measuring and Managing the Value of Companies, 7th edition

At the crossroads of corporate strategy and finance lies valuation. This book enables everyone, from the budding professional to the seasoned manager, to excel at measuring and maximizing shareholder and company value.


Expert voices

Interviews and conversations with our partners on how senior management thinks about strategy and how they confront their most pressing challenges.

Latest topics:


Boards and decision making

– What the pandemic has taught board directors about high-consequence, low-probability decisions.

Business priorities in the postpandemic era

– John Waldron, Kevin Sneader, and Carolyn Dewar on the state of global business and the future of M&A.

The committed innovator: A conversation with board director Ireena Vittal

– The global innovation expert on solving the puzzle of growth in emerging markets.

In conversation: The COVID-Exit

– Despite a resurgence of infections, confidence is rising about an end to the pandemic. Here is how to grow your way out of the... crisis.

The Strategy & Corporate Finance blog

Fresh takes on strategic growth and the latest trends in business.

Special collections


CEO perspectives

Interviews with CEOs sharing their perspectives on corporate strategy, organization and team, external stakeholders and board... management, and their own ways of working.
Global theme

Business Resilience

In the face of a crisis or economic slowdown, resilient organizations ride out uncertainty instead of being overpowered by it.

Bias Busters Collection

It happens to the best of us. We don’t realize that some of our decisions are affected by cognitive and organizational biases.... Here are some of the most common of those biases and ways you can address them.

McKinsey on Finance, Number 76

– Perspectives on Corporate Finance and Strategy

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More insights

Report - McKinsey Global Institute

Will productivity and growth return after the COVID-19 crisis?

– Bold innovation by some firms under pressure of the pandemic could deliver a productivity dividend, but that depends on corporate... action broadening and robust demand.

Investors remind business leaders: Governance matters

– Activists continue to poke holes in corporate performance and returns, but they are having their greatest success with governance... structures. Here’s how to think about their moves.

The great acceleration

– The COVID-19 crisis has intensified existing trends, widening the gap between those at the top and bottom of the power curve... of economic profit. Will your strategy keep you ahead of the accelerated pace of change?

The one task the CFO should not delegate: Integrations

– The numbers show that when the finance chief is directly involved in identifying potential synergies, transformation and value-creation... opportunities, and cultural pitfalls, companies see greater deal success.

Coronavirus: 15 emerging themes for boards and executive teams

– Board directors and executives can pool their wisdom to help companies grapple with the challenge of a lifetime.

Leadership in a crisis: Responding to the coronavirus outbreak and future challenges

– For many executives, the coronavirus pandemic is a crisis unlike any other in recent times. Five leadership practices can help... you respond effectively.
Article - McKinsey Quarterly

The innovation commitment

– To catalyze breakthrough growth, leaders must set bold aspirations, make tough choices, and mobilize resources at scale.

CEO Interview: Natixis and CDPQ invest in climate action

– Jean Raby and Charles Emond oversee more than $1.7 trillion in investments worldwide. They want to see real action on climate... change.

Global Economics Intelligence executive summary, March 2021

– Amid a resurging pandemic, the economic recovery accelerates, pushed forward by demand and output from China and the United States.

Back to the future? Airline sector poised for change post-COVID-19

– As they look beyond the pandemic, airlines need to grapple with five new realities—and devise strategies to adapt.

Economic conditions outlook, March 2021

– In a new global survey, executives see positive momentum building in the economy. But the pandemic still persists as an outsize... risk to growth.
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