The Financial Flexibility of High‐Yield Securities
Frederick H. Joseph
(CEO and Vice Chairman Drexel Burnham Lambert Inc., New York City)
109
Abstract
Many companies have turned to high‐yield issues in their search for capital. These securities have evolved beyond simple debt and, at times, can embrace the most favorable features of equity as well.
Citation
Joseph, F.H. (1989), "The Financial Flexibility of High‐Yield Securities", Journal of Business Strategy, Vol. 10 No. 4, pp. 20-24. https://doi.org/10.1108/eb039317
Publisher
:MCB UP Ltd
Copyright © 1989, MCB UP Limited