A SEQUENTIAL SIGNALING MODEL OF CONVERTIBLE DEBT ISSUE AND CALL POLICIES

This paper offers a new explanation for why some risk‐averse firms may prefer to issue callable convertible debt. Here, the convertible debt issue and call policies are integrated into a unified financing policy. It is then shown that for firms with relatively low unsystematic risk, convertible debt...

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Veröffentlicht in:	The Journal of financial research 2000-04, Vol.23 (1), p.45-76
1. Verfasser:	Lee, Yul W.
Format:	Artikel
Sprache:	eng
Schlagworte:	Callable securities Convertible debts Risk aversion Securities offerings Studies
Online-Zugang:	Volltext
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