haku: @indexterm SIGNALING / yhteensä: 68
viite: 66 / 68
Tekijä: | Robbins, E. Shatzberg, J. |
Otsikko: | Signalling under intertemporal resolution of uncertainty: distinguishing debt-with-warrants from similar offerings |
Lehti: | Review of Quantitative Finance and Accounting
1994 : VOL. 4:2, p. 155-178 |
Asiasana: | UNCERTAINTY SIGNALING DEBT |
Kieli: | eng |
Tiivistelmä: | This article extends existing static analyses of debt-with warrants' ability to signal by considering the intertemporal resolution of uncertainty. Provided that managers seek to minimize residual risk while correctly signalling prospects, callable bonds-with-warrants can prove strictly superior to analogous offerings of pure debt or of debt-with-equity. Because their intertemporal structure allows bonds to be called while warrants remain outstanding, these complicated offerings can also be successfully discriminated from convertible bonds. |
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