Sentence examples for convertible Debt from inspiring English sources

We find that firms in countries with stronger shareholder rights issue convertible debt with a higher expected probability of converting to equity.

The company brokered $1bn in cheap convertible debt.

We show, however, that firms on average perform poorly following the issuance of convertible debt.

Firms that issue convertible debt have high debt- and equity-related costs of external finance.

Industry conditions, growth opportunities and market reactions to convertible debt financing decisions.

Firms issuing convertible debt experience poor long-run stock price and operating performance.

Although callable convertible debt may decrease the value of the firm, an entrenched manager will prefer it over straight debt.

Theoretical arguments suggest that convertible debt minimizes costs for firms facing high debt- and equity-related external financing costs.

Our finding that the cost of capital decreases following a convertible debt offer (CDO) is inconsistent with this interpretation.

The hedge fund's purchase of convertible debt in the company has likely been a profitable trade.

However, companies issuing convertible debt have been selling the option too cheaply.