search query: @indexterm FINANCIAL THEORY / total: 142
reference: 94 / 142
| Author: | Franke, G. |
| Title: | Debt-Equity Swaps aus finanzierungstheoretischer Perspektive |
| Journal: | Zeitschrift für Betriebswirtschaft
1988 : JAN, VOL. 58:1, p.187-198 |
| Index terms: | FINANCIAL THEORY INVESTMENTS |
| Language: | ger |
| Abstract: | Debt-Equity Swaps have been greated with enthusiasm as an ingenious device to raise direct investment in highly indebted countries and simultaneously reduce their foreign debt. It is shown that this evaluation of DES is misleading. These swaps may generate in some situations some advantages over conventional methods of financing investments, but these advantages are insufficient to increase investments substantially. DES may contribute to the solution of the unperfectness of the international capital-market. The political aspects might howerer be more important. DES offer politicians of indebted countries advantages which however are not real advantages for the economy of the indebted countries. |
SCIMA