haku: @indexterm CAPITAL STRUCTURE OF COMPANIES / yhteensä: 353
viite: 194 / 353
| Tekijä: | Joseph, F. H. |
| Otsikko: | The financial flexibility of high-yield securities. |
| Lehti: | Journal of Business Strategy
1989 : JUL-AUG, VOL. 10:4, p. 20-24 |
| Asiasana: | CAPITAL STRUCTURE OF COMPANIES SECURITIES PROFIT |
| Kieli: | eng |
| Tiivistelmä: | Many companies have turned to high-yield issues in their search for capital. These securities have evolved beyond simple debt and, at times, can embrace the most favourable features of equity as well. It is stated that debt ratings in and of themselves are less important to a company's well-being than cash flow and quality management. Managers of investment-grade companies seldom consider the cost of seeking or maintaining a AA or AAA rating. Companies now have the ability of forge financings using a variety of debt and equity instruments to appeal to buyers who have been attracted to the high-yield market. |
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