Ederington, Louis H.; Caton, Gary L.; Campbell, Cynthia J. - In: Financial Management 26 (1997) 1
Calls of in-the-money convertible bonds appear to be consistent with the yield advantage, after-tax-cash-flow and safety-premium hypotheses. However, this study does not find any support for the signaling hypothesis or for the often-cited desire on the part of management to extinguish the...