Xiao, Wei-Lin; Zhang, Wei-Guo; Yao, Zheng; Wang, Xiao-Hui - In: Economic Modelling 31 (2013) C, pp. 635-641
Unlike options, warrant issuance changes the distribution of the stock price process. Indeed, firms issuing warrants … distribution of a firm issuing both debt and warrants. We also apply the theoretical results to the risk-management. Moreover, some … empirical studies are given to illustrate the impact of issuing warrants and debt on the stock price distribution. The empirical …