Junk Bonds
How High Yield Securities Restructured Corporate America
Format:Hardback
Publisher:Oxford University Press Inc
Published:14th Mar '91
Currently unavailable, and unfortunately no date known when it will be back
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.
A clear and insightful view of the revolution that struck corporate America in the 1980s. The author is an academic with his feet planted firmly in the real world. * T. Boone Pickens, Jr. *
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. * Tom Peters, author of In Search of Excellence *
ISBN: 9780195061116
Dimensions: 163mm x 246mm x 23mm
Weight: 653g
272 pages