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 reput[...]
Since financial myths exploded in the 1980s, the perspective of time creates a unique opportunity to update and expand the analysis begun in Glenn Yago's 1991 book,Junk Bonds: How High Yield Securities Restructured Corporate America (Oxford University Press). At the time of its publication, Junk Bo[...]