search query: @author Mittoo, U. R. / total: 1
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Author: | Bancel, F. Mittoo, U. R. |
Title: | Why do European firms issue convertible debt? |
Journal: | European Financial Management
2004 : JUN, VOL. 10:2, p. 339-374 |
Index terms: | Debt Managers Surveys Europe |
Freeterms: | Convertible debt |
Language: | eng |
Abstract: | European managers are surveyed to gain some insights into motivations of convertible issuance. The analysis shows that a majority of companies issue convertibles as "delayed equity" and as "debt sweetener". Managers also use convertibles to avoid short-term equity dilution and to signal company's future growth opportunities. A large cross-sectional variation is documented across companies in rationales for issuing convertibles and mixed support is found for most theoretical models. |
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