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The Determinants of Corporate Debt Financing Strategies
Wang, Han-Min; Tsaur, Shiow-Huey - In: Journal of Economics and Management 2 (2006) 1, pp. 53-70
This paper employs an incremental approach to explore the determinants of corporate debt financing strategies such as the factors of the issuing costs, information asymmetry, growth opportunity, credit quality and managerial ownership. Addition to univariate analysis model, we use multiple logit...
Persistent link: https://www.econbiz.de/10008555953
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The Motivations of Issuing Convertible Bonds - An Inquiry regarding the Sequential-Financing Hypothesis
Chen, Chun-Da; Hung, Fu-Pin; Chen, Dar-Hsin; Lin, Hsin-Ho - In: Journal of Economics and Management 4 (2008) 2, pp. 229-250
The aim of this paper is to re-examine the sequential-financing hypothesis in the context of convertible bond issuances from firms listed on the Taiwan Stock Exchange from 1994 to 2003. The results contend that announcements of convertible debt offerings are, on average, associated with...
Persistent link: https://www.econbiz.de/10008541454
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MM 命题 : 重新思考 (MM Proposition: Re-think)
Chen, Deng-Ta - 2020
Chinese Abstract: MM 命题的最大贡献是提出完美市场假设和使用套利证明方法。本文回顾了完美市场假设和无套利原理,然后对 MM...
Persistent link: https://www.econbiz.de/10012854798
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持有成本与期货最优套期保值 (The Cost of Carry and the Optimal Hedge in Futures Market)
Chen, Deng-Ta - 2018
English Abstract: We employ a new method for hedge in futures market. The new method brings futures' hedge from … statistical games back to its original financial nature of derivatives pricing. Thus the estimation of hedge ratio is simplified … pound GBP futures, and crude oil futures. We find that: If we estimate the hedge ratio using traditional methods, where …
Persistent link: https://www.econbiz.de/10012930120
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企業除息日決策與市場週日期報酬率 (The Ex-Dividend Day Decision and the Weekday Anomaly Effect)
Lee, Shih-Chin - 2015
Chinese Abstract: 本研究承襲李世欽、劉任昌與葉馬可 (2014) 對於企業發放現金股利之分析架構，試圖補充該研究之美國市場樣本僅有2005年之不足，而蒐集美國市場2013年第四季之資料...
Persistent link: https://www.econbiz.de/10013029572