Junk bonds: how high yield securities restructured corporate America
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Bibliographic Details
Main Author: Yago, Glenn (Author)
Format: Electronic eBook
Language:English
Published: New York Oxford University Press 1991
Subjects:
Online Access:Volltext
Item Description:Includes bibliographical references (p. [231]-238) and index
The rhetoric and reality of junk bonds -- The origins of junk -- The role of corporate debt -- Analyzing high yield securities -- The impact of junk bonds on industrial performance -- High yield companies in focus -- Leveraged buyouts, corporate restructuring, and debt in the 1980s -- LBO companies -- Leveraged buyouts and industrial competitiveness -- Public policy responses to high yield bonds -- Shake-outs and showdowns in the capital market -- Toward a new economy
This is a study of the high yield bond market, popularly called 'junk bonds.' Glenn Yago has studied how companies that use junk bond financing compare in economic performance with their industry averages. This book shows that, contrary to what might be assumed, especially in view of the mixed reputation junk bonds have, the performance of these companies was superior in the vast majority of cases
Physical Description:1 Online-Ressource (xi, 249 p.)
ISBN:9780195345179
0195345177
9780195061116
1280524332
9781280524332

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