"We study the capital structure decisions of listed firms in China between 1992 and 2001. The Chinese market exhibits high information asymmetry, phenomenal growth, highly concentrated ownership, and a lack of external market for corporate control. We find that Chinese firms use little long-term...

This study examines whether firms issuing convertible bonds that do not infuse a firm's capiatl structure with equity mimic higher quality firms at offer announcement. Our evidence indicates that, prior to offer announcement, "mimicking" firms are smaller, riskier, less profitable, have lower...