Institutional Investor (December 21)
2015/ 12/ 22 by jd in Global News
“The economy may be having more of an effect on corporate leverage than leverage is having on the economy. Given the economy’s modest recovery of 2.2 percent annualized growth since the end of the 2007-’08 financial crisis, companies haven’t had a great opportunity to invest in expanding operations. Instead, they are borrowing money to facilitate financial engineering: share buybacks, dividend payouts and mergers and acquisitions.”
