Risky Corporate Bonds in 2021: A Bubble, or Rational Underwriting in a Low-Rate Environment?
Edward I. Altman and Mike Harmon
The Journal of Portfolio Management November 2021, 48 (1) 7-20; DOI: https://doi.org/10.3905/jpm.2021.1.292
Edward I. Altman
is the Max L. Heine Professor of Finance, Emeritus, in the Stern School of Business at New York University and the director of Research in Credit and Debt Markets at the NYU Salomon Center for the Study of Financial Institutions in New York, NY
Mike Harmon
is the managing partner of Gaviota Advisors, LLC, in Manhattan Beach, CA, and a lecturer at Stanford University Graduate School of Business in Stanford, CA
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In this issue
The Journal of Portfolio Management
Vol. 48, Issue 1
November 2021
Risky Corporate Bonds in 2021: A Bubble, or Rational Underwriting in a Low-Rate Environment?
Edward I. Altman, Mike Harmon
The Journal of Portfolio Management Oct 2021, 48 (1) 7-20; DOI: 10.3905/jpm.2021.1.292