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Detail
ArtikelA Tale of Two Eras  
Oleh: Weston, J. Fred ; Yehning, Chen
Jenis: Article from Bulletin/Magazine
Dalam koleksi: BUSINESS ECONOMICS vol. 29 no. 1 (1994), page 27-33.
Topik: era globalisasi; tales; two eras
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: BB20.2
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelDuring the 1980 s, debt levels increased in all sectors of the economy. In business firms, increased leveraging was stimulated by the economic environment ; M & As, LBOs, and share repurchases were associated with net equity retirements. The chnages in financial policies furing 1989 - 93 in part represent adjustments to the altered economic environment. In part, they represent corrections to speculative overshoots during the 1980 s. Some M & A acticities improve the market for corporate control and the use of resources. But the threat of takeovers may also have pushed firms into financial policies that involved undesirable risks. A central issue is whether M & As and financing policies help a firm improve its market position and value.
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