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Penrose (1959) theoretically developed the research proposition that the finite capacities of a firm's internally experienced managers limit the rate at which the firm can grow in a given period of ...
The Financial Accounting Standards Board (the "FASB") presents a puzzle: How has this private standard setter managed simultaneously (1) to remain independent, (2) to achieve ...
This Statement extends existing fair value disclosure practices for some instruments by requiring all entities to disclose the fair value of financial instruments, both assets and liabilities ...
Strategic planning is critical to the continued success of any organization, yet fewer than half of the executives who responded to a new online survey conducted by The McKinsey Quarterly1 say that ...
To provide some background for those of you unfamiliar with McKinsey & Company, I offer a few words about the organization that its members past and present refer to as "the Firm." Since its ...
Debate about the future of the dollar as the global reserve currency, and the nature of global exchange rate arrangements, has intensified over the past year. This debate is in part driven by ongoing ...
"Offshoring: Is It a Win-Win Game?" is a McKinsey Global Institute (MGI) perspective developed during the course of our extensive work in the IT and business process offshoring sectors in India, ...
This report was prepared by McKinsey & Company, the international management consultancy firm, following a pro bono project on behalf of the Jordan Education Initiative. The work was led by a ...
The recent bursting of the great global credit bubble not only led to the first worldwide recession since the 1930s, but also left an enormous burden of debt that now weighs on the prospects for ...
This paper analyses the hedging decisions of an emerging economy which is exposed to market risks and whose debt contract is subject to collateral constraints. Within a sovereign debt model with ...