-protected. Dividend protection means that the conversion value of the shares into which a bond is convertible is unaffected by dividend …

-protected. Dividend protection means that the conversion value of the shares into which a bond is convertible is unaffected by dividend …

inclusion of dividend protection clauses in convertibles' terms, and the high fraction of convertible issues purchased by hedge …

on the design of the SOP. A specific problem in designing SOPs concerns dividend protection. Usually, SOPs are not … principal-agent-theory and from the theory of finance to analyze different forms of dividend protection, and to address the … relevance of dividend protection in SOPs. Finally, the paper relates the theoretical analysis to empirical work on the link …