Partially Anticipated Convertible Calls

Ji‐Chai ‐C Lin, K. C. Chen

研究成果: 雜誌貢獻期刊論文同行評審

1 引文 斯高帕斯(Scopus)

摘要

This paper derives estimators that measure the impact of foregoing an opportunity to call convertible debt and the call announcement effect on the value of the firm. The results indicate that positive abnormal returns are associated with foregoing a call, and returns are negative upon the announcement of the call. These results are consistent with Harris and Raviv's hypothesis that managers with favorable information delay their calls and will call the debt if and only if their information is unfavorable.

原文???core.languages.en_GB???
頁(從 - 到)501-515
頁數15
期刊Financial Review
26
發行號4
DOIs
出版狀態已出版 - 11月 1991

指紋

深入研究「Partially Anticipated Convertible Calls」主題。共同形成了獨特的指紋。

引用此