Costs Of Financial Distress, Delayed Calls Of Convertible Bonds, And The Role Of Investment Banks
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https://www.nber.org/papers/w2558
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资源简介：
In a frictionless market with perfect information, a shareholder-wealth- maximizing firm should force conversion of its convertible bond issue into stock as soon as the bond comes in-the-money. Firms however appear to systematically delay forced conversion, sometimes for years, beyond this time. We
提供机构：
美国国家经济研究局
创建时间：
1988-04-01
