This paper examines the stock price reaction to the announcement of convertible bonds (CBs) issuance during the period 1996 through 2002 in Japan. We discover a significantly negative stock price reaction to the announcement of CBs. This result conforms to the negative stock reaction in the U.S....

The rapid diffusion and use of new ideas are critical for advancing and realizing the value of innovation. This paper explores the impact of demographic characteristics of innovators and potential adopters on the adoption of important new scientific ideas through networks. Using rich,...