|
Literature References Abhyankar, A., Dunning, A., 1999. Wealth effects of convertible bond and convertible preference share issues: an empirical analysis of the UK market. J. Bank. Financ. 23, 1043–1065. Ambarish, R., John, K., and Williams, J. 1987. Efficient Signaling with Dividends and Investments. J. F. Vol. 42, No. 2, 321-343. Ammann, M., Fehr, M., Seiz, R., 2006. New evidence on the announcement effect of convertible and exchangeable bonds. J. Multinatl. Financ. Manag. 16, 43–63. Brennan, M.J., Kraus, A., 1987. Efficient financing under asymmetric information. J. Financ. 42, 1225–1243.
Brennan, M.J., Schwartz, E.S., 1988. The case for convertibles. J. Appl. Corp. Financ. 1, 55–64. Burlacu, R., 2000. New evidence on the pecking order hypothesis: the case of French convertible bonds. J. Multinatl. Financ. Manag. 10, 439–459.
Chang, C.H., 2006. The causes of announcement effect of convertible bonds issuance – the empirical study on the short-term and long-term common stock price effect. Chang, Y.H., 2007. A study on the performance of convertible bonds for listed companies. Chaoyang University Master Thesis. Chen, L.C., Kuo, M.H., Chien, A. 1997. Comparison between convertible bond issuance and common stock issuance. Review of Securities and Futures Market, 31-61. Cheng, W., Visaltanachoti, N., Kesayan. P. 2005. A stock market reaction following convertible bond issuance: evidence from Japan. International Journal of Business, 10(4), 2005. Chou, S.P., 2013. The performance of firms that issue convertible bond: an empirical analysis of issue terms and financial characteristics. National Taipei University Master Thesis. Dann, L.Y., Mikkelson, W.H., 1984. Convertible debt issuance, capital structure change and financing-related information: some new evidence. J. Financ. Econ. 13, 157–186.
Duca, E., Dutordoir, M., Veld, C., Verwijmeren, P. 2012. Why are convertible bond announcements associated with increasingly negative issuer stock returns? An arbitrage-based explanation. Journal of Banking and Finance 36 (2012). Dutordoir. M., Li, H., Liu, H.L., Verwijmeren, P., 2015. Convertible bond announcement effects: Why is Japan different. J. Corp. Financ. 76-92. Eckbo, B.E., 1986. Valuation effects of corporate debt offerings. J. Financ. Econ. 15, 119–152.
Gillet, R., La Bruslerie, H.d., 2010. The consequences of issuing convertible bonds: dilution and/or financial restructuring? European Financial Management, vol. 16, No.4, 2010, 552-584. Green, R., 1984. Investment incentives, debt and warrants. J. Financ. Econ. 13, 115–136. Kang, J.K., Stulz, R.M., 1996. How different is Japanese corporate finance? An investigation of the information content of new security issues. Rev. Financ. Stud. 9, 109–139.
Han, L.Y., Mou, H., Xie, D., Chen, Z.A. 2007. “Pecking order” of Chinese capital market: effects of convertible bonds’ issue announcements. Bus. Res. China 2007, 1(2): 254-274. Jalan, P. and Barone-Adesi, G. 1995. Equity financing and corporate convertible bond policy. Journal of Banking and Finance 19(2), 187–206. Jung, M., Sullivan, M.J., 2008. The signaling effects associated with convertible debt design. Journal of Business Research 62 (2009), 1358-1363. Kang, J.K., Kim, Y.-C., Park, J., Stulz, R.M., 1995. An analysis of the wealth effects of Japanese offshore dollar denominated convertible and warrant bond issues. J. Financ. Quant. Anal. 30, 257–270.
Lee, C.P., 1997. The signaling effect on the issuance of the convertible bond from the perspective of the expected time to conversion. Natoinal Chiao Tung Unversity Master Thesis. Lee, T.S., Hu, S.Y., Wang, M.J. 2007. Euro convertible bond issuance, corporate value and corporate governance. Journal of Finance Studies, 15(3), 2007. Lee, T.S., Hu, S.Y., Wang, M.J. 2011. The effect of conversion price downward resetting on the value of convertible bond issuing companies in Taiwan. NTU Management Review, 21(2), 2011, 157-185. Li, T.J. 2010. The impact of convertible bond issuance on stock price movement nad long-term operation performance. Lin, J.R. 1991. A study on convertible bond issuance determinants and its impact to company value. National Central University Master Thesis. Loncarski, I., Horst, J.t., Veld, C., 2006. Why do companies issue convertible bonds? A review of theory and empirical evidence. Retrieved from SSRN: http://dx.doi.org/10.2139/ssrn.837184 Loughran, Yim & Ritter, Jay R., 1995. The new issues puzzle, Journal of Finance, (50), 1995, 23-51. Martin, D., Qiu, J.F., Zhang, Y. L., 2014. Asymmetric information and conversion price reset policy: the case of Chinese convertible debt. The Journal of Economic Asymmetries, 12, 2015, 133-141. Mikkelson, W.H., Partch, M.M., 1986. Valuation effects of security offerings and the issuance process. J. Financ. Econ. 15, 30–60.
Myers, S.C., Majluf, N.S., 1984. Corporate financing and investment decisions when firms have information that investors do not have. J. Financ. Econ. 13, 187–221. Ni, F.Y., You, Z.W., Wu, C.S. 1995. A study on the relationship between company financing announcement and stock using Taiwanese public companies. Sun Yat-Sen Management Review, vol 3, 41-62. Peng, H.P. 2009. The impact of financing by issuing convertible bond on share price. National Chung Hsing University Master Thesis Qiu, J.F., Zhang, Y.L., 2012. Convertible bonds with resettable conversion prices. Economic Modeling 31, 2013, 198-205. Ritter, Jay R., 1991. The long-term performance of initial public offerings. Journal of Finance, (46), 1991, 3-27. Spiess, D. K., Affleck-Graves, J., 1999. The long-run performance of stock returns following debt offerings. Journal of Financial Economics (38), 1999, 45-73. Stein, J.C. 1992. Convertible bonds as backdoor equity financing. Journal of Financial Economics, (32), 1992, 3-21. Taiwan Securities Association. 2016. Convertible bond regulation and changes. Retrieved from Law Source Retrieving System of Stock Exchange and Futures Trading: http://www.selaw.com.tw/LawArticle.aspx?LawID=G0100949&ModifyDate=1051229&SLawNO=15000&ELawNO=30001 Wang, B., Miao, J., Wang, F. 2014. Research on the announcement effects of the convertible bonds in the A-share market of China. Modern Economy, 2014, 5, 333-340. Wang, S.Y. 2008. A study on the conversion price of the convertible bonds in Taiwan. National Taipei University Master Thesis. Zeng, Y.Y. 2015. Price behavior of stocks around pricing convertible bonds in Taiwan. Tamkang University Dept. of Finance Master Thesis.
|