Callable Convertible Debt Under Managerial Entrenchment
Author | : Nobuyuki Isagawa |
Publisher | : |
Total Pages | : 46 |
Release | : 1999 |
Genre | : |
ISBN | : |
Download Callable Convertible Debt Under Managerial Entrenchment Book in PDF, Epub and Kindle
Download Callable Convertible Debt Under Managerial Entrenchment full books in PDF, epub, and Kindle. Read online free Callable Convertible Debt Under Managerial Entrenchment ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Nobuyuki Isagawa |
Publisher | : |
Total Pages | : 46 |
Release | : 1999 |
Genre | : |
ISBN | : |
Author | : Nobuyuki Isagawa |
Publisher | : |
Total Pages | : 38 |
Release | : 1999 |
Genre | : |
ISBN | : |
Author | : Igor Lončarski |
Publisher | : |
Total Pages | : 34 |
Release | : 2006 |
Genre | : |
ISBN | : |
The literature on the motives for the issuance of convertible debt is reviewed. This literature shows a large discrepancy between theory and practice. Surveys show that managers base their motives for the use of convertible debt on factors that are irrational according to the theoretical literature. This theoretical literature in turn offers a number of rational motives. These motives are based on the resolution of the problems of informational asymmetry and agency costs, on tax motivations and managerial entrenchment arguments. Most of the rational motives have been investigated in the cross-sectional studies, which offer general support to at least some of them. However, the survey studies find very little to no support for the rational motives. This might be due to either the sensitivity of the surveys to the question contents, to the use of weak proxies in the cross-sectional studies, or a combination of these. In our view, future research in this field should aim for an approach that combines the use of survey data and cross-sectional analysis. We believe that such an approach may bridge the gap between theory and practice.
Author | : Luc Renneboog |
Publisher | : Emerald Group Publishing |
Total Pages | : 569 |
Release | : 2006-03-02 |
Genre | : Business & Economics |
ISBN | : 0444527230 |
Incorporates estimation risk in portfolio choice and also covers a risk measure for retail investment products, understanding and exploiting momentum in stock returns. This book includes: Introduction - Corporate restructuring; mergers and acquisitions in Europe; and the performance of acquisitive companies in the US.
Author | : Cheng Few Lee |
Publisher | : World Scientific |
Total Pages | : 5053 |
Release | : 2020-07-30 |
Genre | : Business & Economics |
ISBN | : 9811202400 |
This four-volume handbook covers important concepts and tools used in the fields of financial econometrics, mathematics, statistics, and machine learning. Econometric methods have been applied in asset pricing, corporate finance, international finance, options and futures, risk management, and in stress testing for financial institutions. This handbook discusses a variety of econometric methods, including single equation multiple regression, simultaneous equation regression, and panel data analysis, among others. It also covers statistical distributions, such as the binomial and log normal distributions, in light of their applications to portfolio theory and asset management in addition to their use in research regarding options and futures contracts.In both theory and methodology, we need to rely upon mathematics, which includes linear algebra, geometry, differential equations, Stochastic differential equation (Ito calculus), optimization, constrained optimization, and others. These forms of mathematics have been used to derive capital market line, security market line (capital asset pricing model), option pricing model, portfolio analysis, and others.In recent times, an increased importance has been given to computer technology in financial research. Different computer languages and programming techniques are important tools for empirical research in finance. Hence, simulation, machine learning, big data, and financial payments are explored in this handbook.Led by Distinguished Professor Cheng Few Lee from Rutgers University, this multi-volume work integrates theoretical, methodological, and practical issues based on his years of academic and industry experience.
Author | : James Bradfield |
Publisher | : Oxford University Press |
Total Pages | : 567 |
Release | : 2007-02-08 |
Genre | : Business & Economics |
ISBN | : 019988594X |
There are many textbooks for business students that provide a systematic, introductory development of the economics of financial markets. However, there are as yet no introductory textbooks aimed at more easily daunted undergraduate liberal arts students. Introduction to the Economics of Financial Markets fills this gap by providing an extremely accessible introductory exposition of how economists analyze both how, and how well, financial markets organize the intertemporal allocation of scarce resources. The central theme is that the function of a system of financial markets is to enable consumers, investors, and managers of firms to effect mutually beneficial intertemporal exchanges. James Bradfield uses the standard concept of economic efficiency (Pareto Optimality) to assess the efficacy of the financial markets. He presents an intuitive, and introductory, understanding of the primary theoretical and empirical models that economists use to analyze financial markets, and then uses these models to discuss implications for public policy. Students who use this text will acquire an understanding of the economics of financial markets that will enable them to read, with some sophistication, articles in the public press about financial markets and about public policy toward those markets. The book is addressed to undergraduate students in the liberal arts, but will also be useful for undergraduate and beginning graduate students in programs of business administration who want an understanding of how economists assess financial markets against the criteria of allocative and informational efficiency.
Author | : |
Publisher | : |
Total Pages | : 978 |
Release | : 2001 |
Genre | : Corporations |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 1094 |
Release | : 2003 |
Genre | : Law reviews |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 778 |
Release | : 2003 |
Genre | : Taxation |
ISBN | : |
Author | : Kōbe Daigaku. Keiei Gakubu |
Publisher | : |
Total Pages | : 114 |
Release | : 2000 |
Genre | : Business |
ISBN | : |