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The rise and demise of the convertible arbitrage strategy

Loncarski, Igor; Horst, Jenke ter; Veld, Chris - 2009

This paper analyzes convertible arbitrage, one of the most successful hedge fund strategies. The aim of the strategy is to exploit underpricing of convertible bonds by taking a long position in a convertible and a short position in the underlying asset. The authors find that convertible bonds...

Persistent link: https://www.econbiz.de/10009465981

Auditor Failure and Market Reactions: Evidence from China

Asthana, Sharad C.; Sami, Heibatollah; Ye, Zhongxia Shelly - 2009

Zhongtianqin, the largest Chinese auditor in 2000, collapsed in 2001 owing to its audit failure. This study examines how the market reacted to the audit scandal in the Chinese institutional setting. Chinese investors are entitled to recover their investment losses from auditors owing to audit...

Persistent link: https://www.econbiz.de/10009459071

Auswirkungen von Medikamentengenehmigungen auf die Bewertung von Biotech- und Pharmaunternehmen: Eine Ereignisstudie. Eine empirische Untersuchung

Sturm, Andreas - 2006

Die Arbeit untersucht den Einfluss der Genehmigung von Medikamenten durch die amerikanische Zulassungsbehörde FDA (Food and Drug Administration) auf den Aktienkurs der Antrag stellenden Aktiengesellschaft. Dabei werden Genehmigungen von wichtigen pharmazeutischen und biopharmazeutischen...

Persistent link: https://www.econbiz.de/10009450191

Why do companies issue convertible bond loans? An empirical analysis for the Canadian market

Loncarski, Igor; ter Horst, Jenke; Veld, Chris - 2008

-like convertible bond issuers. Equity-like convertibles are significantly negatively affected by agency costs of equity. However …

Persistent link: https://www.econbiz.de/10009465826

Determinants of Convertible Bond Structure;

Krishnaswami, Sudha; Yaman, Devrim - 2005

are more debt-like orequity-like. The evidence indicates that moral hazard costs do not influence bond structure, while … statistical and economic impact on convertible bond structure. …

Persistent link: https://www.econbiz.de/10009468586

Determinants of Convertible Bond Structure;

Krishnaswami, Sudha; Yaman, Devrim - 2005

are more debt-like or equity-like. The evidence indicates that moral hazard costs do not influence bond structure, while … strongest statistical and economic impact on convertible bond structure. …

Persistent link: https://www.econbiz.de/10009451082

Bond Volatility Transmissions Between United States and European Markets

Kulman, Seth - 2011

Bond Volatility Transmissions Between United States and European MarketsSeth KulmanFaculty Sponsor: Gordon Dash … of this study is to examine volatility spillovers between the United States and European bond markets. To identify …, given volatility spillovers from the broad based European government bond market, and that of the United States. This study …

Persistent link: https://www.econbiz.de/10009455911

The relationship between the annualised volatility and correlation of G7 ten-year bond returns

Hollander, Martin B. L.; Faculty of Business - University of Western Sydney, Nepean - 1999

ten-year bond returns for the period July 1992 to June 1998 and the effects that such a relationship has on portfolio … been paid to the transmission of currency-based bond returns across national boundaries. The findings in this thesis are … important because evidence is provided that suggests the benefits of international bond diversification are limited. The …

Persistent link: https://www.econbiz.de/10009481952

How liquid and efficient are Botswana Bond Markets?

Sebate, Matlhogonolo Victor - 2009

ENGLISH ABSTRACT: The importance of market microstructure in determining the success of a bond market inallocating … the Botswana bond market. The Botswana bond market is still in its infant stage hencethere is little information on trades … Botswana’s bond market. The study also sought to compare the behaviour of the Botswana bond market to those of South Africa …

Persistent link: https://www.econbiz.de/10009442113

Įmonės "Teletechnika" investicinės politikos formavimas ir veiklos efektyvumo gerinimas

Vaišvilaitė, Jolita - 2007

Magistro darbe aprašyta investavimo samprata, investicijų funkcijos, investicinės rizikos rūšys, investicinių rinkų dalyviai ir investuotojų tipai, atlikta investicinių instrumentų analizė, jų pagrindinės charakteristikos palygintos tarpusavyje, išanalizuoti Lietuvos ir užsienio...

Persistent link: https://www.econbiz.de/10009478559