Convertible bonds: A literature review and some market evidence
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/18670 |
Resumo: | The goal of this paper is to identify the determinants in the issuing decision of convertibles and stock price fluctuation two days after an announcement. To do so, we review different papers to understand why we use convertibles and then apply the same methodology as Lewis (2003) used earlier. We apply this methodology to three different sectors, with larger samples than the ones used by Lewis. Furthermore, the selected period of our samples goes from 2001 to 2015 where in the previous study, the period was from 1979 to 1992. Our results show us that the economic environment has an important influence on the investor’s behaviors and therefore, on the determinants of the convertible bonds. |
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Convertible bonds: A literature review and some market evidenceConvertible bondsPecking orderInvestment opportunitiesDebtTwo days returnDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe goal of this paper is to identify the determinants in the issuing decision of convertibles and stock price fluctuation two days after an announcement. To do so, we review different papers to understand why we use convertibles and then apply the same methodology as Lewis (2003) used earlier. We apply this methodology to three different sectors, with larger samples than the ones used by Lewis. Furthermore, the selected period of our samples goes from 2001 to 2015 where in the previous study, the period was from 1979 to 1992. Our results show us that the economic environment has an important influence on the investor’s behaviors and therefore, on the determinants of the convertible bonds.Anjos, FernandoPhilippe, GrégoireRUNFievez, Arnaud2016-08-08T12:30:35Z2016-062016-062016-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdftext/plainapplication/vnd.openxmlformats-officedocument.spreadsheetml.sheethttp://hdl.handle.net/10362/18670TID:201988267enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:58:07Zoai:run.unl.pt:10362/18670Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:24:55.155252Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Convertible bonds: A literature review and some market evidence |
title |
Convertible bonds: A literature review and some market evidence |
spellingShingle |
Convertible bonds: A literature review and some market evidence Fievez, Arnaud Convertible bonds Pecking order Investment opportunities Debt Two days return Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Convertible bonds: A literature review and some market evidence |
title_full |
Convertible bonds: A literature review and some market evidence |
title_fullStr |
Convertible bonds: A literature review and some market evidence |
title_full_unstemmed |
Convertible bonds: A literature review and some market evidence |
title_sort |
Convertible bonds: A literature review and some market evidence |
author |
Fievez, Arnaud |
author_facet |
Fievez, Arnaud |
author_role |
author |
dc.contributor.none.fl_str_mv |
Anjos, Fernando Philippe, Grégoire RUN |
dc.contributor.author.fl_str_mv |
Fievez, Arnaud |
dc.subject.por.fl_str_mv |
Convertible bonds Pecking order Investment opportunities Debt Two days return Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Convertible bonds Pecking order Investment opportunities Debt Two days return Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The goal of this paper is to identify the determinants in the issuing decision of convertibles and stock price fluctuation two days after an announcement. To do so, we review different papers to understand why we use convertibles and then apply the same methodology as Lewis (2003) used earlier. We apply this methodology to three different sectors, with larger samples than the ones used by Lewis. Furthermore, the selected period of our samples goes from 2001 to 2015 where in the previous study, the period was from 1979 to 1992. Our results show us that the economic environment has an important influence on the investor’s behaviors and therefore, on the determinants of the convertible bonds. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-08-08T12:30:35Z 2016-06 2016-06 2016-06-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/18670 TID:201988267 |
url |
http://hdl.handle.net/10362/18670 |
identifier_str_mv |
TID:201988267 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf text/plain application/vnd.openxmlformats-officedocument.spreadsheetml.sheet |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799137882160496640 |