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Showing 1 to 6 of 6 for “"convertible debt"”.
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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 …
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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 …
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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 …
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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. …
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An empirical analysis of the choice among issuing straight debt, equity, and equity-linked debt securities
… choosing a source of 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 …
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Kannustinongelma vaiheistetussa venture capital -rahoituksessa
… (1997) artikkeli Stage Financing and the Role of Convertible Debt. Casamattan (1999) artikkeli Financing and Advising: Optimal Financial Contracts with Venture Capitalist on tarjonnut lisänäkökulmia tutkielmaani. Keskeisessä sijassa ovat olleet myös Gompersin ja Lernerin kirjoittamat teokset The …