Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 64 for “"Convertible"”.
-
Analysis of convertible bonds
Includes bibliographical references ( leaves 90-92).
-
Methods of pricing convertible bonds
… of hybrid securities with a focus on convertible bonds. We look at various methods to price these complex instruments and learn of the many subtleties they exhibit when traded in the market.
-
Two Essays on Convertible Debt
… different topics related to the issuance of a convertible debt security. The first essay addresses the question of how managers set the equity value in a convertible debt issue. A convertible debt security has value derived from an equity component and a debt component. As a result, managers …
-
Market Valuation of Convertible Securities of U.S. Airlines
… for capital the airlines have turned towards convertible securities. The important feature of convertibles is the relative insensitivity of their value to the risk of the issuing company (Brennan and Schwartz, 1988). This separation is achieved by selecting appropriate convertible contract …
-
The leverage changing consequences of convertible debt financing
… that the common stockholders of firms issuing convertible debt realize significantly negative returns upon the announcement of such financing. They further state that this observation is not consistent with the leverage hypothesis nor with the new financing models of Myers and Majluf (1984) and …
-
Financing Corporate Mergers With Convertible Preferred Stock, 1962-1967
Made available in DSpace on 2014-12-10T16:44:48Z (GMT). No. of bitstreams: 1 7013500.pdf: 6409826 bytes, checksum: b478b50837869509fc7ab39bc3325964 (MD5) Previous issue date: 1969
-
Convertible Trade Credits: a new way of creating value
… was affirmative. We found that the new proposed Convertible Trade Credits Contract creates value for both parties in the transaction by allowing the firm to realize the growth opportunity <optimal investment policy> while sharing risks and returns with the vendor <diversification>. We relied on …
-
Shareholder wealth effects of convertible bond announcements in South Africa
This study examines shareholder wealth effects of convertible bond announcements in South Africa for the period 2004 to 2017. The data shows that South African companies issue convertible bonds for several reasons and that issues are not only South African rand denominated, but are in other …
-
Financial innovations and macroeconomic stability: an assessment of contingent convertible bonds
… has created a new type of asset: contingent convertible bonds (CoCos). When the banks’ ratio of assets and liabilities exceed a certain threshold, these bonds either convert into shares, which then boosts the capitalization of the bank, or are written off. These contingent convertible bonds …
-
The Pricing And Performance Of Convertible Preferred Stock Offerings Following Issuance
This dissertation is a comprehensive study of convertible-preferred-stock pricing and performance following issuance. It is the first major academic study that identifies significant abnormal performance of corporate contingent claims following issuance. The research utilizes both option-based …
-
Study of the Accounting Classification of Convertible Securities: A Market Analysis
… develops and empirically tests standards of convertible security classification that are related to convertible security systematic risk. This work provides evidence concerning how accounting and interest rate risk measures relate to market risk measures of convertible securities. An …
-
Shaking and Balance of a Convertible One- and Two-Cylinder Reciprocating Compressor
… involves the study of a one- and two-cylinder convertible reciprocating Freon compressor for air conditioning or refrigeration purposes. The main concern is the reduction of the vibration (noise) caused during the operation of the compressor. Vibration is a main concern when the compressor is …
-
Convertible Parks: New Architectural Strategies for Public Parks in a Changing Climate
Human beings have relied on outdoor public spaces for thousands of years to recreate, socialize, exercise, and conduct business. As climate change leads to more severe weather including flooding, prolonged heatwaves, and wildfires, our ability to safely spend time outdoors is increasingly under …
-
Collision Analysis of the Reversible Crankshaft Mechanism in a Convertible Refrigeration Compressor
The purpose of this study is to analyze the behavior of a reversible two-cylinder refrigerant compressor manufactured by Bristol Compressor Incorporated. This compressor contains a specialized linkage that causes the compressor to transition from a two-cylinder compressor to a single-cylinder …
-
The market reaction to convertible bond issues and the determinants of bookrunner selection
… examines three major aspects of international convertible bond offerings, particularly the market reaction and its determinants, the determinants of bookrunner selection in underwriting market and the outcomes of bookrunnerselection. These issues are important for a corporate firm to design the …
-
An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study
… is to investigate Shoprite’s decision to issue convertible bonds despite South African firms tending to favour traditional forms of debt or equity. The paper first revisits the theory on convertible debt to consider the possible reasons for why Shoprite elected to issue convertible debt, and …
-
Agency theory: a model of investor equilibrium and a test of an agency cost rationale for convertible bond financing
… model the firm's decision to issue convertible versus nonconvertible bonds using explanatory variables which measure the extent of the agency problem. Individual investors are assumed to maximize expected utility of consumption by choosing consumption and investment amounts over a …
-
An empirical analysis of the choice among issuing straight debt, equity, and equity-linked debt securities
… long-term capital. Straight debt, common stock, convertible debt, and units of debt with warrants (units) are included in the issuer’s opportunity set, with particular emphasis being placed on the choice between convertible debt and units. A unit of debt with warrants is a financial package …
-
Interactions of investment opportunities and financing decisions
… opportunities in future periods issue equity and convertible securities while firms with fewer investment opportunities in future periods issue straight debt. Our empirical design improves upon previous studies in two important ways. First, we treat convertible debt separately from straight debt. …
Page 1 of 4