Why Do Firms Issue Convertible Bonds with a High Initial Conversion Premium?
This paper identifies the motives for selling convertible bonds with a higher‑than‑average initial conversion premium, using a sample of 300 convertible debt issues carried out between 2004 and 2014 by manufacturing and service companies from the United States, Europe and Asia. Empirical analysis in...
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| Format: | Article |
| Language: | English |
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Lodz University Press
2018-09-01
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| Series: | Acta Universitatis Lodziensis. Folia Oeconomica |
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| Online Access: | https://czasopisma.uni.lodz.pl/foe/article/view/1223 |