000401882 000__ 02730cam\a2200457Mi\4500
000401882 001__ 401882
000401882 003__ MaCbMITP
000401882 005__ 20220711133831.0
000401882 006__ m\\\\\o\\d\\\\\\\\
000401882 007__ cr\un\nnnunnun
000401882 008__ 151010s2015\\\\enk\\\\\o\\\\\000\0\eng\d
000401882 020__ $$a9780262279383
000401882 020__ $$a026227938X
000401882 035__ $$a(OCoLC)923250945
000401882 035__ $$a(OCoLC-P)923250945
000401882 040__ $$aOCoLC-P$$beng$$epn$$cOCoLC-P
000401882 050_4 $$aHD2746.55.U5.M35 1999eb
000401882 08204 $$a338.80973
000401882 1001_ $$aMcCauley, Robert N.
000401882 24510 $$aDodging Bullets :$$bChanging U.S. Corporate Capital Structure in the 1980s and 1990s.
000401882 260__ $$aCambridge :$$bMIT Press,$$c2015.
000401882 300__ $$a1 online resource (417 pages)
000401882 336__ $$atext$$btxt$$2rdacontent
000401882 337__ $$acomputer$$bc$$2rdamedia
000401882 338__ $$aonline resource$$bcr$$2rdacarrier
000401882 506__ $$aAccess limited to authorized users.
000401882 520__ $$aAn entertaining summary of the broad reshaping of U.S. corporate finance in the last decade and a half.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-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?
000401882 588__ $$aOCLC-licensed vendor bibliographic record.
000401882 650_0 $$aLeveraged buyouts$$zUnited States$$xHistory$$y20th century.
000401882 650_0 $$aConsolidation and merger of corporations$$zUnited States$$xHistory$$y20th century.
000401882 650_0 $$aCorporations$$zUnited States$$xFinance$$xHistory$$y20th century.
000401882 653__ $$aECONOMICS/Finance
000401882 655_0 $$aElectronic books
000401882 7001_ $$aRudd, Judith S.
000401882 7001_ $$aIacono, Frank.
000401882 852__ $$bebk$$hMIT Press
000401882 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/2476.001.0001$$zOnline Access through The MIT Press Direct
000401882 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
000401882 909CO $$ooai:library.usi.edu:401882$$pGLOBAL_SET
000401882 980__ $$aBIB
000401882 980__ $$aEBOOK
000401882 982__ $$aEbook
000401882 983__ $$aOnline