Rahim, Norhuda Abdul; Goodacre, Alan; Veld, Chris - In: The European Journal of Finance 20 (2014) 4, pp. 380-398
The literature on wealth effects associated with the announcements of convertible-bond and warrant-bond offerings is reviewed. The findings of 35 event studies, which include 84 sub-samples and 6310 announcements, are analysed using meta-analysis. We find a mean cumulative abnormal return of -...