King, Tao-Hsien Dolly; Mauer, David C. - In: Journal of Corporate Finance 24 (2014) C, pp. 112-134
For a sample of convertible bonds issued during the period 1980 through 2002, we empirically investigate the determinants of call policy. We find that the risk of a failed call over the call notice period helps explain why firms call only after conversion value exceeds call price by a...
