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.
- ISBN10 6610524335
- ISBN13 9786610524334
- Publish Date 1 January 1991
- Publish Status Active
- Out of Print 29 February 2012
- Publish Country US
- Imprint Oxford University Press
- Format eBook
- Language English