search query: @author Stulz, R. / total: 5
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| Author: | Kim, Y. Stulz, R. |
| Title: | Is there a global market for convertible bonds? |
| Journal: | Journal of Business
1992 : JAN, VOL. 65:1, p. 75-92 |
| Index terms: | BUSINESS ECONOMICS GLOBAL MARKETING BONDS |
| Language: | eng |
| Abstract: | Prior to 1984, the stock price reaction to announcements of a convertible issue in the domestic market was significantly negative, while the reaction to issues on the Eurobond market was smaller in absolute value and not consistently negative. After 1984, this difference in stock price reactions seems to have disappeared. The difference in abnormal returns before 1984 cannot be explained by existing signaling models of convertible bond issues. |
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