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Leveraged Businesses: The Upside and Downside

Short Selling, 2015, p.38

2015 Columbia University Press ;EISBN: 9780231538848 ;EISBN: 0231538847 ;DOI: 10.7312/kuma17224.6

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Title:
Leveraged Businesses: The Upside and Downside
Author: Amit Kumar
Subjects: Accountancy ; Air transportation industry ; Airlines ; Balance sheets ; Bankruptcy ; Business ; Business administration ; Business management ; Business structures ; Capital stocks ; Economic disciplines ; Economics ; Finance ; Financial accounting ; Financial documents ; Financial economics ; Financial instruments ; Financial investments ; Financial leverage ; Financial liabilities ; Financial management ; Financial securities ; Financial statements ; Financial status ; Industrial sectors ; Industry ; Investors ; Sales growth ; Sales management ; Service industries ; Shareholders ; Stock prices ; Transportation industries
Is Part Of: Short Selling, 2015, p.38
Description: This scene from shakespeare’s classicMerchant of Veniceis a crude analogy to demands from creditors when companies breach their credit agreements, especially when companies become insolvent. Creditors are ahead of stockholders in the queue to stake a claim when a company fails on its indenture (loan contract). In the event of a liquidation sale, shareholders may end up getting nothing and creditors can claim everything. The downside for shareholders of heavily indebted companies can be disastrous; they need to pay careful attention to indentures and whether the debtor company can continue to meet the demands of their credit agreement.
Publisher: Columbia University Press
Language: English
Identifier: EISBN: 9780231538848
EISBN: 0231538847
DOI: 10.7312/kuma17224.6
Source: Ebook Central Academic Complete

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Leveraged Businesses: The Upside and Downside

2015 Columbia University Press ;EISBN: 9780231538848 ;EISBN: 0231538847 ;DOI: 10.7312/kuma17224.6

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