Akdoğu, Evrim; Alp Paukowits, Aysun; Celikyurt, Ugur - 2022
We examine the relationship between the Governance Index (G-Index) and convertible bonduse by firms, specifically in the presence or absence of covenants. We find that the better theshareholder governance (lower G-Index) of firms, the more they are likely to issue convertibleinstead of straight...