McKinsey on Finance, Number 58

April 27, 2016 – As important as it is to secure the right terms for a shared enterprise, it is just as critical to form a sustainable relationship.

May 4, 2016 – Announcement effects are a good instant measure of market sentiment but a poor indicator of longer-term value creation.

May 5, 2016 – Differences in the market’s response to deal announcements reflect how deals are funded as much as expected performance.

April 29, 2016 – Some actions that boost earnings per share don’t create value for shareholders. Share repurchases are generally a wash.

May 5, 2016 – Short-term measures of volatility can fluctuate wildly. But over the long term the market has been remarkably stable.