CORPORATE DEBT: WHAT ARE THE ISSUES AND WHAT ARE THE CHOICES

A few economists take a very apocalyptic view of the growth in corporate debt. The main concern is that a downward shock in the economy will cause the failure of a large number of companies overextended by debt. The inability of these companies to meet debt service obligation will, in turn, precipit...

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Veröffentlicht in:National tax journal 1989-09, Vol.42 (3), p.273-282
Hauptverfasser: CLARK, RICHARD A., SUNLEY, EMIL M.
Format: Artikel
Sprache:eng
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