Convertible bonds
“Pecking order” of Chinese capital market: Effects of convertible bonds’ issue announcements
... result, convertible bonds (in short, CBs) are coming into practice with increasing popularly, which are noted as innovative financial ...A-share convertible bond for its own new project, which meant ...
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Is the Jump Diffusion Model a Good Solution for Credit Risk Modeling? The Case of Convertible Bonds
... The most important input parameter to be determined is the volatility for valuation. A common approach in the market is to use the at-the-money (ATM) implied Black-Scholes volatility to price convertible ...
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Research on the Announcement Effects of the Convertible Bonds in the A Share Market of China
... The rational investors need to analyze the financial condition of the issuing companies in detail and interpret the issuing terms seriously. At the same time, they must always pay attention to the changes of the stock ...
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Convertible bonds from the investment and financing perspectives : a thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Finance at Massey University, Palmerston North, New Zealand
... Subsamples Identified by the Conversion Terms .................................... 87 Table 3.7 Market Data for the Sample and Subsamples by Subperiods .................. 90 Table 3.8 Mean Comparison for the Market Data ...
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Convertible bonds from the investment and financing perspectives : a thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Finance at Massey University, Palmerston North, New Zealand
... a convertible bond trades in a day, on ...the convertible bond is oversubscribed at issuance and zero ...equity-like convertible bond and zero for a debt-like convertible ...each ...
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The Pricing of Convertible Bonds with a Call Provision
... of convertible bonds tend to be risk-averse; owners generally hold the convertible bonds until the maturity date to obtain the bond interest as income, but when stock prices rise to a certain ...
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Contingent Convertible Bonds: payoff structures and incentive effects
... Basel III …nancial regulation has had a strong impact on the nature of the banking business, and in particular on the capital structure of banks. Amongst its features, the new style of subordinate debt, the contingent ...
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The Composition and Downward Vertical Transport of Particulate Phosphorus in the Cariaco Basin, Venezuela
... of convertible bonds some, interaction between the market movement of pure debt and equity securities should be expected and several studies have examined the extent of these ...issue convertible ...
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A Summary of Literature: Convertible Bond Issue Announcement Effect
... on convertible bonds has a long history and are relatively comprehensive which benefit from the mature capital market in developed capitalist countries ...Besides, convertible bonds exist ...
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Convertible bond valuation in a jump diffusion setting with stochastic interest rates
... for convertible bonds, which comprises firm value evolving as an exponential jump diffusion, correlated stochastic interest rates movements and an efficient numerical pricing ...computed convertible ...
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Simulation for Callable Convertible Discount Bonds with Monte Carlo Method
... The Monte Carlo method is widely applied in many fields. It is applicable to multi-dimensional derivative securities pricing characteristics and easy to deal with the realistic characteristics of discrete coupon ...
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Dynkin games with Poisson random intervention times
... the convertible bonds in a Markovian setting, and derive the explicit optimal stopping strategies and the corresponding free boundaries under various ...
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Characterising organic hydrogen bonds
... acceptor-'donor separations, overlap dependant effects should become more important. This idea is in agreement with today’s much more accurate calculations. Umeyama and Morokuma^* used the energy decomposition analysis ...
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Relation between Verifiable Random Functions and Convertible Undeniable Signatures, and New Constructions
... Selectively convertible undeniable signatures (SCUS) were introduced by Boyar, Chaum, Damg˚ ard, and Pedersen [2] in 1990, extending the concept of undeniable signatures of Chaum and Antwerpen ...
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Modelling catastrophe risk bonds
... Another common technique used in an incomplete market setting is the principle of equivalent utility for obtaining indifferent pricing. Young (2004) calculated the price of a contingent claim under a stochastic interest ...
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The Microstructure of the Brazilian Market for Corporate Bonds
... and bonds present a short ...Fixed-yield bonds are rare. The vast majority of regular bonds are linked to the interbank offered interest rate (DI or ...for bonds in the secondary market is ...
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The Effect of Bonds Rating, Profitability, Leverage, and Firm Size on Yield to Maturity Corporate Bonds
... corporate bonds in 2015 by 12% from Rp166 trillion to Rp186 trillion, in 2016 it rose 21% to Rp225 trillion and a very significant increase occurred in 2017 at 41% to Rp316 ...of bonds issued by ...
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The determinants of the accounting classification of convertible debt when managers have freedom of choice
... Finally the contractual terms of the convertible instruments proxy for the economic substance of the instrument. The likelihood of conversion can alter with changes in the share price and changes in interest ...
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Dynamic Arbitrageurs’ Long Run Impacts on Convertible Bond Issuers’ Stock Prices
... A convertible bond (CB) is a hybrid security that resembles to regular bond in that it makes fixed coupon payments, and equity in that it gives the bondholder the option to convert the bond into issuer’s ...to ...
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A Brief Review: Stage Convertible Power Amplifier Using Differential Line Inductor
... sure high efficiency in the low-output-power region. One of the most simple low-power matching networks for a stage-convertible power amplifier is shown in Fig- ures 3 and 4. The shunt capacitor includes the ...
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