Bancel, Franck; Mittoo, Usha R. - In: European Financial Management 10 (2004) 2, pp. 339-373
"We survey European managers to gain some insights into motivations of convertible issuance. Our analysis shows that a majority of firms issue convertibles as 'delayed equity' and as 'debt sweetener'. Managers also use convertibles to avoid short-term equity dilution and to signal firm's future...