We conduct interviews with financial managers in Australia, Canada, the U.K., and the U.S. to study the question why companies issue convertible bonds. For the vast majority of the firms, convertible bonds are chosen because managers find straight debt too costly. Convertible bonds are preferred...

Opportunistic inside-traders are known to trade specific financial contracts, such as options, to maximise the economic benefits arising from their private information. However, the recent conviction of inside-traders Kamay and Hill in the foreign exchange markets demonstrates more complex...

In this paper we report current practices of risk management in Slovenian companies and relate the incentives for risk management in post-transitional legal and business environment to the neoclassical theoretical motives for risk management. We find that in such environment, which more or less...