Junk bonds : how high yield securities restructured corporate America
Author(s)
Bibliographic Information
Junk bonds : how high yield securities restructured corporate America
Oxford University Press, 1991
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Note
Bibliography: p. [231]-238
Includes index
Description and Table of Contents
Description
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.
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