Chen, Chun-Da; Hung, Fu-Pin; Chen, Dar-Hsin; Lin, Hsin-Ho - In: Journal of Economics and Management 4 (2008) 2, pp. 229-250
The aim of this paper is to re-examine the sequential-financing hypothesis in the context of convertible bond issuances … two characteristics of firms in this sample are consistent with the sequential-financing hypothesis, but they are also … consistent with mitigation of the informational asymmetry problem. Overall, our evidence shows mixed support for the sequential-financing …
