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[null,"1.","Record Nr.",null,"UNINA9910778888303321"]
[null,null,"Autore",null,"McCauley Robert N"]
[null,null,"Titolo",null,"Dodging Bullets : Changing U.S. Corporate Capital Structure in the 1980s and 1990s"]
[null,null,"Pubbl/distr/stampa",null,"Cambridge, : MIT Press, 2015"]
[null,null,"ISBN",null,"0-262-26366-1"]
[{"$nulls":4},"0-262-27938-X"]
[{"$nulls":4},"0-585-17623-X"]
[null,null,"Descrizione fisica",null,"1 online resource (417 p.)"]
[null,null,"Disciplina",null,"338.80973"]
[null,null,"Soggetti",null,"Leveraged buyouts - United States - History - 20th century"]
[{"$nulls":4},"Consolidation and merger of corporations - United States - History - 20th century"]
[{"$nulls":4},"Corporations - United States - Finance - History - 20th century"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references (p. [349]-392) and index."]
[null,null,"Nota di contenuto",null,"\"\"Dodging Bullets\"\"; \"\"Contents\"\"; \"\"About the Authors\"\"; \"\"Preface\"\"; \"\"Acknowledgments\"\"; \"\"Introduction\"\"; \"\"The End of the 1980's\"\"; \"\"Why the 1980's Stopped: Leveraging as a Mania\"\"; \"\"Why the 1980's Stopped: Did Judges, Lawmakers, and Regulators Kill the Leveraging Business?\"\"; \"\"RJR-Nabisco: A Case Study\"\"; \"\"The 1990's\"\"; \"\"The Legacy of Debt and Corporate Refinancing in the 1990's\"\"; \"\"Relieving the Burden of Interest on Cash Flow\"\"; \"\"The Equity Infusion  Reverse LBO's\"\"; \"\"Cheap Equity Capital for Young Firms\"\"; \"\"Mergers and Acquisitions in the 1990's\"\"; \"\"Lessons\"\""]
[{"$nulls":4},"\"\"Policy and Asset Inflation\"\"\"\"Conclusion\"\"; \"\"Notes\"\"; \"\"Index\"\""]
[null,null,null,"Sommario/riassunto","An entertaining summary of the broad reshaping of U.S. corporate finance in the last decade and a half.The late 1980s saw a huge wave of corporate leveraging. The U.S. financial landscape was dominated by a series of high-stakes leveraged buyouts as firms replaced their equity with new fixed debt obligations. Cash-financed acquisitions and defensive share repurchases also decapitalized corporations. This trend culminated in the sensational debt-financed bidding for RJR-Nabisco, the largest leveraged buyout of all time, before dramatically reversing itself in the early 1990s with a rapid return to equity.This entertaining summary of the broad reshaping of U.S. corporate finance in the last decade and a half looks at three major issues: why corporations "]
[{"$nulls":4},"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?"]