Junk bonds and corporate America
Revisiting the Yago/Brock debate
Bibliographic Data
| ID | 6251542 |
|---|---|
| Authors | Henry N Goldstein (0000-0003-1369-8180, University of Oregon, corresponding author) |
| Year | 1995 |
| Volume | 9 |
| Issue | 3 |
| Pages | 403-419 |
| Publication date | 1995-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Critical Review (JOURNAL) |
| Journal identifiers | ISSN: 0891-3811 • E-ISSN: 1933-8007 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/08913819508443390 |
| OpenAlex | W1990891967 |
| Language | EN |
| References cited | 8 |
The recent exchange between Glenn Yago and James W. Brock over the junk‐bond buyouts of the 1980s missed the mark on a number of points. In reality, neither the buyouts nor their sudden near‐cessation contributed materially to the recession of 1990–91. The buyout wave did not end primarily because of new restrictive regulations. The buyouts had no appreciable effect on real capital formation. And the increased rate of bankruptcies resulting from the buyouts left the economy's overall efficiency unimpaired
Art · Bond · Business · Capital (architecture · Economics · Great recession · Keynesian economics · Leveraged buyout · Monetary economics · Private equity · Recession · Banking stability, regulation, efficiency · Economic Theory and Policy · Global Financial Crisis and Policies · Finance
| Highly cited | No |
|---|