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.
About the Author
Glenn Yago is Director of the Economic Research Bureau and Associate Professor of Management at the State University of New York at Stony Brook. He has testified before federal and state committees and his articles have appeared in The New York Times, The Wall Street Journal, and many other publications. He is also a director and principal in both a start-up and a turnaround company.
Reviews
A clear and insightful view of the revolution that struck corporate America in the 1980s. The author is an academic with his feet planted firmly in the real world. * T. Boone Pickens, Jr. *
Three hearty, full-throated cheers for Glenn Yago's book and research. He dispassionately makes a strong case for passion-drenched junk bonds. I've long beleived that high-yield securities were the single most important stimjulus to American economic restructuring in the '80s. yago provides a masterly analysis in defense of such a view. * Tom Peters, author of In Search of Excellence *
Book Information
ISBN 9780195061116
Author Glenn Yago
Format Hardback
Page Count 272
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 653g
Dimensions(mm) 163mm * 246mm * 23mm
About the Author
Glenn Yago is Director of the Economic Research Bureau and Associate Professor of Management at the State University of New York at Stony Brook. He has testified before federal and state committees and his articles have appeared in The New York Times, The Wall Street Journal, and many other publications. He is also a director and principal in both a start-up and a turnaround company.
Reviews
A clear and insightful view of the revolution that struck corporate America in the 1980s. The author is an academic with his feet planted firmly in the real world. * T. Boone Pickens, Jr. *
Three hearty, full-throated cheers for Glenn Yago's book and research. He dispassionately makes a strong case for passion-drenched junk bonds. I've long beleived that high-yield securities were the single most important stimjulus to American economic restructuring in the '80s. yago provides a masterly analysis in defense of such a view. * Tom Peters, author of In Search of Excellence *
Book Information
ISBN 9780195061116
Author Glenn Yago
Format Hardback
Page Count 272
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 653g
Dimensions(mm) 163mm * 246mm * 23mm
