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Volume 10, Issue 4
1 April 1989
Journal of Business Strategy Cover Image for Volume 10, Issue 4
Review Article| April 01 1989

The Financial Flexibility of High‐Yield Securities Available to Purchase

Frederick H. Joseph
Frederick H. Joseph
CEO and Vice Chairman Drexel Burnham Lambert Inc., New York City
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 2052-1197
Print ISSN: 0275-6668
© MCB UP Limited
1989
Journal of Business Strategy (1989) 10 (4): 20–24.
https://doi.org/10.1108/eb039317

Many companies have turned to high‐yield issues in their search for capital. These securities have evolved beyond simple debt and, at times, can embrace the most favorable features of equity as well.

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© MCB UP Limited
1989
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Suggested Reading

The High‐Yield Debt Market: Trash or Treasure?
Journal of Business Strategy (April,1990)
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