Bechmann, Ken L.; Lunde, Asger; Zebedee, Allan A. - In: Journal of Corporate Finance 24 (2014) C, pp. 135-148
Convertible bond calls typically cause significant reactions in equity prices. The empirical research largely finds negative and positive announcement effects for the in-the-money and the out-of-the-money calls respectively. However, this research has difficulty distinguishing between the two...