IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-13763-3_4.html
   My bibliography  Save this book chapter

Techniques and Insolvency

In: More Thinking about Credit

Author

Listed:
  • T. H. Donaldson

Abstract

Debt—equity swaps have grown in popularity, despite the implication that the debt cannot be repaid in full, which makes them unpopular with banks, and hard to sell to credit committees. The technique is attractive in the right cases, however. This section focuses on the two main types of situation in which it is appropriate, and some of the principles behind it, rather than the many variants available. The need for a debt—equity swap arises either where a financial solution is expected to be sufficient or to buy time to cure more fundamental weaknesses, when the financial measures are necessary but not sufficient, or there is doubt as to whether any measures will be sufficient.

Suggested Citation

  • T. H. Donaldson, 1995. "Techniques and Insolvency," Palgrave Macmillan Books, in: More Thinking about Credit, chapter 4, pages 70-81, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13763-3_4
    DOI: 10.1007/978-1-349-13763-3_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-13763-3_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.