Krishnaswami, Sudha; Yaman, Devrim - In: The Quarterly Review of Economics and Finance 48 (2008) 4, pp. 792-816
Theoretical research argues that convertible bonds mitigate the contracting costs of moral hazard, adverse selection, and financial distress. Using firm-specific and macroeconomic factors of the contracting costs, we examine the extent to which they impact the likelihood of issuance and the...