The Impact of Financial Constraints on the Convertible Bond Announcement Returns

As of now, very few research studies have examined the effects of financial constraints on the short- and long-term performances of companies after their announcement of convertible bonds. Due to asymmetric information, previous studies consider issuance of convertible bonds as negative news. As a r...

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Bibliographic Details
Main Authors: Chong-Chuo Chang, Tai-Yung Kam, Chih-Chung Chien, Wan Ting Su
Format: Article
Language:English
Published: MDPI AG 2019-04-01
Series:Economies
Subjects:
Online Access:https://www.mdpi.com/2227-7099/7/2/32