Mapping decline and recovery across sectors

McKinsey Quarterly

Volumn , Issue 2, 2009, Pages 87-91

  Jiang, Bin ^a   Koller, Timothy M ^a   Williams, Zane D ^a  

^a McKinsey's New York Office

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EID: 67149120889     PISSN: 00475394     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (5)

1. The recessions we studied were rhose of November 1973-March 1975, January 1980-November 1982, July 1990-March j991, and March 2001-Novemher 2001. Technically, the 1980-82 downturn was two recessions: January 1980-July 1980 and July 1981-November 1982. For this analysis, we have combined the rwo.
2. We grouped the companies in our sample into ten Global Industry Classification Standards (GICS) sectors.
3. Of the 27 instances when we documented a decline in earnings before interest, taxes, and amortization (KBITA) due to a recession, 24 showed a drop in F.B1I A that was faster than the recovery.
4. The National Bureau of Economic Research has dated the start of the current US recession as December 2007.
5. The 2008 total returns to shareholders (TRS) measured as of November 30, 2008.