Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/184315 
Erscheinungsjahr: 
2014
Quellenangabe: 
[Journal:] Comparative Economic Research. Central and Eastern Europe [ISSN:] 2082-6737 [Volume:] 17 [Issue:] 2 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2014 [Pages:] 119-137
Verlag: 
De Gruyter, Warsaw
Zusammenfassung: 
The aim of this article is to characterize and show the differences between issuers of ordinary convertibles and convertibles with attached put/call provisions (put/call convertibles). The research was carried out on a sample of 379 firms in the US market, outside the financial sector, between 2002 and 2011. It turns out that the issuers of put/call convertibles are the companies with a higher risk exposure, associated with, inter alia, a higher level of indebtedness and worse ratio between the issue value to the fixed assets value. Adding the put/call provisions is aimed at decreasing issuers' risk exposure, which may increase the market demand for this type of convertible securities
Schlagwörter: 
financing
convertible bonds
put/call provisions
U.S market
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