RATIONALE FOR CONFLICTS IN FINANCIAL THEORY AND PRACTICE: THE CASE OF CONVERTIBLE BONDS

Contrary to theory, financial managers constantly attempt to exploit timing to offer securities that are the least costly to existing shareholders. The purpose of this study is to illustrate the difference between theory and practice and to offer some rationale for this difference.

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Year of publication:	1994
Authors:	Payne, Bruce C. ; Payne, Janet D. ; Rumore, Nancy C.
Published in:	Studies in Economics and Finance. - MCB UP Ltd, ISSN 1755-6791, ZDB-ID 2070355-7. - Vol. 15.1994, 2, p. 86-103
Publisher:	MCB UP Ltd

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb028714 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10015013803