McKinsey on Finance 70

McKinsey on Finance, Number 70

Perspectives on Corporate Finance and Strategy

Articles in this issue

Is a leverage reckoning coming?

– Not yet. Despite rising corporate-debt levels, research shows companies can cover their obligations for now. But they should prepare for a possible downturn by stress-testing their capital structure.

Building up for leaner times

– When the going gets tough, not all companies fare the same. Here’s how to join the ranks of the resilient.

Improving the management of complex business partnerships

– Adhering to four key principles can help companies increase the odds that their collaborations will create more value over their life cycles.

Bias Busters: Premortems: Being smart at the start

– Conducting a premortem can help teams anticipate project failure—and head it off at the pass.

Bias Busters: Up-front contingency planning

– Avoid throwing good money after bad by developing “contingent road maps”—plans for updating your investment strategy based on unbiased feedback from the market.

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