Mais, Eric L; Moore, William T; Rogers, Ronald C - In: Journal of Finance 44 (1989) 5, pp. 1401-10
Common stock price reactions to announcements of sixty-seven calls of the in-the-money convertible preferred stocks are examined, and a significant average abnormal return of -1.6 percent is documented. The finding is robust to the choice of estimation period and the assumed return-generating...