| Tekijä: | Chu, F.J. |
| Otsikko: | The high-yield debt market: trash or treasure? |
| Lehti: | Journal of Business Strategy
1990 : JUL-AUG, VOL. 11:4, p. 42-47 |
| Asiasana: | DEBT MANAGEMENT CREDIT MARKETS |
| Kieli: | eng |
| Tiivistelmä: | If the high-yield market can adjust itself to the loss of a leading market maker and absorb the current credit problems of some of its major over-leveraged issuers via bankruptcies or recapitalizations, then it can emerge as a viable financing tool for corporate managers in the 1990s. If so, the high-yield debt market will remain an important strategic financial alternative in the capital structures of medium- and large-size corporations and not merely an aggressive weapon used to finance hostile corporate takeovers. |
SCIMA