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Adverse selection and convertible bonds

Chakraborty, Archishman; Yılmaz, Bilge - In: The review of economic studies 78 (2011) 1, pp. 148-175

Persistent link: https://www.econbiz.de/10009162042

The impact of convertible debt financing on investment timing

Yagi, Kyoko; Takashima, Ryuta - In: Economic modelling 29 (2012) 6, pp. 2407-2416

Persistent link: https://www.econbiz.de/10009673711

Capital investment timing and convertible debt financing

Korkeamaki, Timo P.; Moore, William Theodore - In: International review of economics & finance : IREF 13 (2004) 1, pp. 75-85

Persistent link: https://www.econbiz.de/10002043125

The Impact of Convertible Debt Financing on Investment Timing

Yagi, Kyoko - 2012

We develop a model to examine the timing of investment decisions in relation to the issuance of convertible debt by firms. Our model shows that when the demand shock has higher volatility, the firm finances the investment cost with high-coupon convertible debt. We find that default occurs...

Persistent link: https://www.econbiz.de/10013115186