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A 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
Lihat Detail Induk
Isi artikel
During 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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