Junk Bonds - How High Yield Securities Restructured Corporate America

Zusatztext Three hearty! full-throated cheers for Glenn Yago's book and research. He dispassionately makes a strong case for passion-drenched junk bonds. I've long beleived that high-yield securities were the single most important stimjulus to American economic restructuring in the '80s. yago provides a masterly analysis in defense of such a view. Informationen zum Autor Glenn Yago is Director of the Economic Research Bureau and Associate Professor of Management at the State University of New York at Stony Brook. He has testified before federal and state committees and his articles have appeared in The New York Times, The Wall Street Journal, and many other publications. He is also a director and principal in both a start-up and a turnaround company. Klappentext In this book, the author offers the first systematic examination of the facts about high yield securities, providing hard evidence that demystifies junk bonds and explodes many of the popular myths that surround them. Zusammenfassung 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.

Product details

• Authors: Glenn Yago, Glenn (Director Yago, Yago Glenn
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 15.11.1990
• EAN: 9780195061116
• ISBN: 978-0-19-506111-6
• No. of pages: 262
• Subjects: Social sciences, law, business > Business > Business administration; Business & Economics / Investments & Securities / General, BUSINESS & ECONOMICS / Corporate Finance / General, Corporate Finance, Investment & securities, Investment and securities