Jump to ContentJump to Main Navigation
Beyond Junk BondsExpanding High Yield Markets$
Users without a subscription are not able to see the full content.

Glenn Yago and Susanne Trimbath

Print publication date: 2003

Print ISBN-13: 9780195149234

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195149238.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 17 December 2018

The 1980s Users' Performance in the 1990s

The 1980s Users' Performance in the 1990s

Chapter:
(p.137) 9 The 1980s Users' Performance in the 1990s
Source:
Beyond Junk Bonds
Author(s):

Glenn Yago (Contributor Webpage)

Susanne Trimbath

Publisher:
Oxford University Press
DOI:10.1093/0195149238.003.0009

Case studies are presented of five high‐yield US companies and the strategies they have pursued to maximize the value of their assets, labor force, products and markets. The examples show how businesses have responded to the pressures of economic change by modifying their strategies, adopting new technologies, and changing their supply chains and distribution channels; they also show how high‐yield issuers have responded to increasing competition in both domestic and international markets. A common story appears to repeat itself throughout the case studies: in utilizing the high‐yield market, companies not only went beyond traditional sources of capital but also created functions that went beyond traditional industrial categories. The companies are placed in the historical context of their foundations to give a sense of their place in their industries and in the economy as a whole, and these histories show that innovation was not new to any of them; they are Stone Container, McCaw Cellular, Viacom Incorporated, the Chrysler Corporation, and Medco Containment Services. The last part of the chapter discusses the use of high‐yield bond financing to improve efficiency by mergers and acquisitions.

Keywords:   acquisitions, case studies, Chrysler Corporation, companies, corporate finance, corporate strategy, economic change, efficiency, high‐yield bonds, high‐yield markets, high‐yield securities, McCaw Cellular, Medco Containment Services, mergers, Stone Container, strategy, USA, Viacom Incorporated

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .