McKinsey on Finance, Number 78
Perspectives on Corporate Finance and Strategy
Articles in this issue
Article
Don’t overthink your approach to valuation in emerging markets
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The risks of investing in emerging markets are real, but it’s not necessary to amplify them by adding an extra risk premium to the cost of capital. Standard valuation principles still apply. Here’s why.
Article
Reports of corporates’ demise have been greatly exaggerated
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An analysis of 20 years of data on publicly traded companies and IPOs demonstrates that the drop-off in the number of listings is less steep than pundits would have you believe.
Article
Which metrics really drive total returns to shareholders?
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McKinsey analysis of more than 2,200 large global companies reveals the importance of monitoring both economic-profit growth and revenue growth.
Interview - McKinsey Quarterly
Sounding the alarm on system noise
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Daniel Kahneman and Olivier Sibony, renowned experts in cognitive biases and decision making, explain how noise—or unwanted variability—clouds organizations’ judgments, and what to do about it.
Article
Achieving win-win spin-offs
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By acknowledging and addressing four factors relating to execution and operations, ParentCo can separate from SpinCo in a way that creates value for both.
Article - McKinsey Quarterly
Bias Busters: Taking the ‘outside view’
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Using a reference class can help executives gain much-needed perspective to inform their decision making.