How Risky is the Debt in Highly Leveraged Transactions? Evidence from Public Recapitalizations
收藏NBER1990-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3390
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资源简介：
This paper presents estimates of the systematic risk of the debt in public leveraged recapitalizations. We calculate the systematic risk of the debt as a function of the difference between the systematic equity risk before and after the recapitalization. The increase in equity risk is surprisingly
提供机构：
美国国家经济研究局
创建时间：
1990-06-01
