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□ Brennan, M.J., and Schwartz, E.S., "Convertible Bonds: Valuation and Optimal Strategies for Call and Conversion," The Journal of Finance, 32, 5, 1699-1715 (December 1977).
□ Jonathan E. Ingersoll, Jr., “An Examination of Corporate Call Policies on Convertible Securities,” Journal of Finance, May 1977, v. 32, pp. 463- 478.
David Mayers, "Why firms issue convertible bonds: the matching of financial and real investment options", Journal of Financial Economics,47(1998) 83-102
□ Hei Wai Lee, Raymond E. Figlewicz, "Characteristics of firms that issue convertible debt versus convertible preferred stock", The Quarterly Review of Economics and Finance, 39 (1999) 547-563
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□ Kang, J.K., Stulz, R.M., "How different is Japanese corporate finance? An investigation of the information content of new security issues". Review of Financial Studies, 1996, 109-139
点评:该文利用日本可转换债券的发行证实了不对称信息的假设。
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点评:该文从实证的角度证实了发行可转换债券相对直接债务来说能够节省将近50个基本点的利息成本
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□ Brennan, M.J., and Schwartz, E.S., "Convertible Bonds: Valuation and Optimal Strategies for Call and Conversion," Journal of Finance, 32, 5, 1699-1715 (December 1977).★★★★★
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点评:对荷兰可转债市场的公告效应进行研究
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□ Kang, J.K., Kim, Y.C., Park, K.J., Stulz, R.M., “An analysis of the wealth effects of Japanese offshore dollar-denominated convertible and warrant bond issues". Journal of Financial and Quantitative Analysis, 1995, 257-270
□ Kang, J.K., Stulz, R.M., "How different is Japanese corporate finance? An investigation of the information content of new security issues". Review of Financial Studies, 1996, 109-139.