Dodging Bullets: Changing U.S. Corporate Capital Structure in the 1980s and 1990s

Dodging Bullets Changing U S Corporate Capital Structure in the s and s The late s saw a huge wave of corporate leveraging The U S financial landscape was dominated by a series of high stakes leveraged buyouts as firms replaced their equity with new fixed debt obligat

  • Title: Dodging Bullets: Changing U.S. Corporate Capital Structure in the 1980s and 1990s
  • Author: Robert N. McCauley Judith S. Ruud Frank Iacono
  • ISBN: 9780262133517
  • Page: 409
  • Format: Hardcover
  • The late 1980s saw a huge wave of corporate leveraging The U.S financial landscape was dominated by a series of high stakes leveraged buyouts as firms replaced their equity with new fixed debt obligations Cash financed acquisitions and defensive share repurchases also decapitalized corporations This trend culminated in the sensational debt financed bidding for RJR NabiThe late 1980s saw a huge wave of corporate leveraging The U.S financial landscape was dominated by a series of high stakes leveraged buyouts as firms replaced their equity with new fixed debt obligations Cash financed acquisitions and defensive share repurchases also decapitalized corporations This trend culminated in the sensational debt financed bidding for RJR Nabisco, the largest leveraged buyout of all time, before dramatically reversing itself in the early 1990s with a rapid return to equity.This entertaining summary of the broad reshaping of U.S corporate finance in the last decade and a half looks at three major issues why corporations leveraged up in the first place, why and how the leverage wave came to an end, and what policy lessons are to be drawn.Using the Minsky Kindleberger model as a framework, the authors interpret the rise and fall of leveraging as a financial market mania In the course of chronicling the return to equity in the 1990s, they address a number of important corporate finance questions How important was the return to equity in relieving corporations debt burdens How did the return to equity affect the ability of young high tech firms to finance themselves without selling out to foreign firms

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      Posted by:Robert N. McCauley Judith S. Ruud Frank Iacono
      Published :2020-05-15T10:29:58+00:00

    About “Robert N. McCauley Judith S. Ruud Frank Iacono

    • Robert N. McCauley Judith S. Ruud Frank Iacono

      Robert N. McCauley Judith S. Ruud Frank Iacono Is a well-known author, some of his books are a fascination for readers like in the Dodging Bullets: Changing U.S. Corporate Capital Structure in the 1980s and 1990s book, this is one of the most wanted Robert N. McCauley Judith S. Ruud Frank Iacono author readers around the world.

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