Junk bonds : how high yield securities restructured corporate America / Glenn Yago.

Format:

• Book

Author/Creator:

• Yago, Glenn, author.

Series:

• Oxford scholarship online.
• Oxford scholarship online

Language:

English

Subjects (All):

• Junk bonds--United States.
• Junk bonds--United States--Case studies.

Physical Description:

1 online resource (264 p.)

Edition:

1st ed.

Place of Publication:

New York ; Oxford University Press, 2023.

Language Note:

English

Summary:

This is a study of the high yield bond market, popularly called junk bonds. The author has studied how companies that use junk bond financing compare in economic performance with their industry averages. This book shows that the performance of these companies was superior in the vast majority of cases.

Contents:

Contents; 1. The Rhetoric and Reality of Junk Bonds; 2. The Origins of Junk; 3. The Role of Corporate Debt; 4. Analyzing High Yield Securities; 5. The Impact of Junk Bonds on Industrial Performance; 6. High Yield Companies in Focus; 7. Leveraged Buyouts, Corporate Restructuring, and Debt in the 1980's; 8. LBO Companies; 9. Leveraged Buyouts and Industrial Competitiveness; 10. Public Policy Responses to High Yield Bonds; 11. Shake-outs and Showdowns in the Capital Market; 12. Toward a New Economy; Methodological Appendix; Bibliography; Index;

Notes:

• Previously issued in print: 1990.
• Includes bibliographical references (pages [231]-238) and index.
• Derived record based on print version record and publisher information.

ISBN:

• 0-19-770319-4
• 1-280-52433-2
• 0-19-534517-7

OCLC:

476008311