Investor protection and convertible debt design

Lee, Cheng-Few; Lee, Kin‐Wai; Yeo, Gillian Hian Heng

doi:10.1016/j.jbankfin.2008.10.010

Cited by 33 publications

(14 citation statements)

References 33 publications

(48 reference statements)

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“…DeFond et al (2007) find that countries with stronger investor protection rights show evidence of more informative annual earnings announcements. Lee et al (2009) examine the association between investor protection and convertible debt design. They find that the convertible debt issued by firms in countries with stronger shareholder rights have a higher expected probability of conversion to equity, and find that firms in countries with stronger creditor rights issue convertibles with a lower probability of conversion.…”

Section: Introductionmentioning

confidence: 99%

Financial disclosure, investor protection and stock market behavior: an international comparison

Jirasakuldech

Dudney

Zorn

et al. 2010

Rev Quant Finan Acc

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Section: Introductionmentioning

confidence: 99%

Financial disclosure, investor protection and stock market behavior: an international comparison

Jirasakuldech

Dudney

Zorn

et al. 2010

Rev Quant Finan Acc

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“…Gianetti and Simonov (2006) find important differences in the investment strategies of non-controlling shareholders versus individuals related to the controlling shareholders. Similarly, Lee et al (2009) The next result shows a surprising positive externality caused by corporate governance slack.…”

Section: Equilibrium Shareholder Profits Excess Costs and Consumer Wmentioning

confidence: 80%

A theory of optimal expropriation, mergers and industry competition

Brisley

Bris

Cabolis

2011

Journal of Banking & Finance

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“…EBs can be combined with other financial instruments to achieve arbitrage [2]. One is that the controlling shareholder of the issuer will carry out the arbitrage by increasing or issuing convertible bonds.…”

Section: Portfolio Arbitragementioning

confidence: 99%

The Application Analysis and Risk Prevention in Rapid Development of Exchangeable Bonds

Huang¹

2018

Proceedings of the 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)

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Abstract-The exchange bones have been rapidly developed since 2016, and plays an increasingly significant role in China's financial market. In this paper, the concept and main characteristics of exchangeable bonds were introduced, and the exchangeable bonds issued from 2013 to the first quarter of 2018 in China were also analyzed. Moreover, through the study of several classical cases to explore the better use of exchangeable bonds, this paper also analyzes the risk of exchangeable bonds in market and puts forward some Suggestions. The results obtained show that for the risks prevention of exchangeable bonds, the supervision of exchangeable bonds should be strengthened, the awareness of risks among issuers and investors should be raised, in addition, more in-depth researches on the terms of exchangeable bonds should be conducted, and other types of financial instruments should be combined with the exchangeable bonds to hedge the risks involved.

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Investor protection and convertible debt design

Cited by 33 publications

References 33 publications

Financial disclosure, investor protection and stock market behavior: an international comparison

Financial disclosure, investor protection and stock market behavior: an international comparison

A theory of optimal expropriation, mergers and industry competition

The Application Analysis and Risk Prevention in Rapid Development of Exchangeable Bonds

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