Beyond Junk Bonds

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Advance praisefor Beyond Junk Bonds: Expanding High Yield Markets "Glenn Yago is a long-time authority on high yield bonds and an originál economic thinker. After you read Beyond Junk Bonds you will understand how far the high yield debt markets have come in the last few decades and how vitai they are in the process of channeling capital to entrepreneurial growth companies. This is a brilliant, engaging, and data-rich guide to one of the most important capital markets in the world." -Tim Opler, Director, Credit Suisse First Boston "Glenn Yago has done the investment industry yet another service in the form of Beyond Junk Bonds. It is a lucid and thorough evaluation of the asset class, its analysts, its practitioners, and its broader impact on financial markets and the economy. It belongs in the library of every corporate bond professional and sophisticated investor." -Dávid Goldman, Head of Global Markets Group Research, Banc of America Securities "High-yield securities went from... Tovább

Fülszöveg

Advance praisefor Beyond Junk Bonds: Expanding High Yield Markets "Glenn Yago is a long-time authority on high yield bonds and an originál economic thinker. After you read Beyond Junk Bonds you will understand how far the high yield debt markets have come in the last few decades and how vitai they are in the process of channeling capital to entrepreneurial growth companies. This is a brilliant, engaging, and data-rich guide to one of the most important capital markets in the world." -Tim Opler, Director, Credit Suisse First Boston "Glenn Yago has done the investment industry yet another service in the form of Beyond Junk Bonds. It is a lucid and thorough evaluation of the asset class, its analysts, its practitioners, and its broader impact on financial markets and the economy. It belongs in the library of every corporate bond professional and sophisticated investor." -Dávid Goldman, Head of Global Markets Group Research, Banc of America Securities "High-yield securities went from junk to mainstream in only ten years. Glenn Yago and Susanne Trimbath explain how and why." -Róbert L. Bartley, The Wall Street Journal "Beyond Junk Bonds is an invaluable and unmatched source of information on the high yield markét. Yago and Trimbath intrepidly wade into controversy as they trace the fluctuating fortunes of non-investment grade bond issuers and investors." -Martin Fridson, author with Fernando Alvarez of Financial Statement Analysis: A Practitioner's Guide, Third Edition "Yago and Trimbath are unabashed, analytic cheerleaders for financial innovation in the high yield markét and beyond. And, as they show, there is much to cheer about. This markét will again show its resiliency in the wake of the troubling first years of the new millennium." -Edward I. Altman, Max I. Heine Professor of Fináncé and Vice Director, Salomon Center, New York University "Despite the key role of the high yield bond markét in financing American business, there has been precious little scholarly work done of the subject. Glenn Yago, in a follow-up to his 1991 treatise on the subject, cuts through the myths and misconceptions and sheds somé needed light on this important phenomenon." -Lawrence Post, Chairman and Chief Investment Officer, MW Post Advisory Group Vissza