Publisher Summary This chapter reviews the theory and statistical evidence concerning the
causes and effects of seasoned public offers (SPOs) of common stock, with particular …

In this paper we employ an event study approach with GARCH process to uncover whether
there were positive impacts on the Taiwan's stock market during the SARS outbreak period …

This paper contends that corporations use callable, convertible bonds to lower the issuance
costs of sequential financing. Sequential financing increases issue costs but helps control …

This article applies two modern empirical tests of conduct to a duopoly banking market in
south central Pennsylvania. The results provide a concrete counterexample to the …

ABSTRACT Starting with Ingersoll (1977b), the academic literature has repeatedly sought to
explain why convertible bonds are called late. The findings here demonstrate there is no call …

This paper investigates information transfer effects of bond rating downgrades measured by
equity abnormal returns for industry portfolios. Industry rivals can be subject to two opposing …

For a sample of convertible bonds issued during the period 1980 through 2002, we
empirically investigate the determinants of call policy. We find that the risk of a failed call …

The information content of conversion‐forcing bond calls depends on the after‐tax cash flow
to bondholders. If the dividend after conversion exceeds the after‐tax coupon but is less than …

Theoretical research argues that convertible bonds mitigate the contracting costs of moral
hazard, adverse selection, and financial distress. Using firm-specific and macroeconomic …

In October 2011, the SEC issued new guidelines for disclosure of cybersecurity risks. Some
firms responded to these guidelines by issuing new risk factor disclosures. This article …