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| Author | : Wonil Lee |
| Publisher | : |
| Total Pages | : 162 |
| Release | : 1993 |
| Genre | : Convertible securities |
| ISBN | : |
| Author | : Wei Cheng |
| Publisher | : |
| Total Pages | : 18 |
| Release | : 2005 |
| Genre | : |
| ISBN | : |
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. market but is inconsistent with the previous study in Japan. Firm size is evidenced increasing the negative cross-sectional variation of abnormal stock return, while the growth options have positive relationship. There is no evidence of the association between the leverage and the abnormal return. In addition, the long-term performance of the stock prices after the CBs issuance firms are found under-performing the market index and what they should have done given their levels of systematic risks. Coupling with the negative stock price reaction around the issuance announcement period, the Japanese issuance firms under-react to the CBs issuance, consistent with the under-reaction hypothesis that has been explained by the U.S. empirical results.
| Author | : |
| Publisher | : |
| Total Pages | : 540 |
| Release | : 2005 |
| Genre | : Dissertations, Academic |
| ISBN | : |
| Author | : John P. Calamos |
| Publisher | : McGraw Hill Professional |
| Total Pages | : 440 |
| Release | : 1998-06-22 |
| Genre | : Business & Economics |
| ISBN | : 9781557389213 |
The definitive book on the subject, Convertible Securities explains the various types of convertible instruments, valuation and pricing methods, and investment strategies. Completely updated from its first edition, this guide includes chapters on international convertibles and asset allocation strategies for the institutional investor.
| Author | : Lester C. Thurow |
| Publisher | : Harper Collins |
| Total Pages | : 525 |
| Release | : 2009-10-13 |
| Genre | : Business & Economics |
| ISBN | : 0061882070 |
The classic text on the post-Cold War economic battle. Starting with the fall of communism, influential economist and former dean of MIT's Sloan School of Management Lester Thurow deftly explores how head-to-head competition -- not military might -- among Japan, the United States, and the newly united European countries would produce the next world leader. As Thurow explains, in the 1990s the race for economic supremacy was only just beginning. In a world no longer governed by two military superpowers, the stage was set for a dramatic shoot-out among the world's most powerful national economies. Using analytical data, key insights, and common sense, Thurow presents a solid economic game plan for the United States to follow in order to win this battle and attain dominance in the global economy.
| Author | : T. Todd Smith |
| Publisher | : International Monetary Fund |
| Total Pages | : 88 |
| Release | : 1995-07-01 |
| Genre | : Business & Economics |
| ISBN | : 1451848870 |
This paper surveys markets for corporate debt securities in the major industrial countries and the international markets. The discussion includes a comparison of the sizes of the markets for various products, as well as the key operational, institutional, and legal features of primary and secondary markets. Although there are some signs that debt markets may be emphasized in the future by some countries, it remains true that North American debt markets are the most active and liquid in the world. The international debt markets are, however, growing in importance. The paper also investigates some of the reasons for the underdevelopment of domestic bond markets and the consequences of firms shifting their debt financing needs from banks to securities markets.
| Author | : Masahiko Aoki |
| Publisher | : OUP Oxford |
| Total Pages | : 480 |
| Release | : 2007-09-06 |
| Genre | : Business & Economics |
| ISBN | : 0191536385 |
Debates regarding corporate governance have become increasingly important in Japan as the post-war model of bank-based, stakeholder-oriented corporate governance faces the new pressures associated with globalization and growing investor demands for shareholder value. Bringing together a group of leading scholars from economics, law, sociology and management studies, this book looks at how the Japanese approach to corporate governance and the firm have changed in the post-bubble era. The contributions offer a unique empirical exploration of why and how Japanese firms are reshaping their corporate governance arrangements, leading to greater diversity among firms and new 'hybrid' forms of corporate governance. The book concludes by looking at what effect these incremental but transformative changes may have on Japan's distinctive variety of capitalism.
| Author | : Hersh Shefrin |
| Publisher | : College Ie Overruns |
| Total Pages | : 300 |
| Release | : 2017-04-16 |
| Genre | : Corporations |
| ISBN | : 9781259254864 |
| Author | : Aswath Damodaran |
| Publisher | : John Wiley & Sons |
| Total Pages | : 663 |
| Release | : 2014-10-27 |
| Genre | : Business & Economics |
| ISBN | : 1118808932 |
Aswath Damodaran, distinguished author, Professor of Finance, and David Margolis, Teaching Fellow at the NYU Stern School of Business, has delivered the newest edition of Applied Corporate Finance. This readable text provides the practical advice students and practitioners need rather than a sole concentration on debate theory, assumptions, or models. Like no other text of its kind, Applied Corporate Finance, 4th Edition applies corporate finance to real companies. It now contains six real-world core companies to study and follow. Business decisions are classified for students into three groups: investment, financing, and dividend decisions.
| Author | : |
| Publisher | : |
| Total Pages | : 704 |
| Release | : 1993 |
| Genre | : Dissertation abstracts |
| ISBN | : |
