Behavior and Characteristics of Taiwan''s Institutional Investor: the Case of Convertible Bonds
碩士 === 國立交通大學 === 科技管理研究所 === 85 === Recently, the high-tech industries in Taiwan are experiencing another cycle of rapid growth. To cope with the increased demand for their products, many high-tech firms are considering dramatic increase in their capital...
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ndltd-TW-085NCTU02300102015-10-13T17:59:37Z http://ndltd.ncl.edu.tw/handle/93864321343116992211 Behavior and Characteristics of Taiwan''s Institutional Investor: the Case of Convertible Bonds 我國可轉換公司債機構投資人之投資行為與特性分析 Yu, Chia-Ho 游家和 碩士 國立交通大學 科技管理研究所 85 Recently, the high-tech industries in Taiwan are experiencing another cycle of rapid growth. To cope with the increased demand for their products, many high-tech firms are considering dramatic increase in their capital investment. Accompanied with the expansion, there is an urgent need for financing. The investors in Taiwan have gradually accepted the concept of convertible bonds (CB). It is interesting to observe that the CBs issued in recent years have come with various provisions desirable to investors. The purpose of this study is to investigate the preference of institutional investors toward the desirability of the provisions provided in most of the CBs. The industrial buyer behavior model suggested in Sheth (1973) was used in the study as a basic framework in the design of our survey questionnaire.The results of this study show that brokers and underwriters of the CBs are important sources of information for most of the institutional investors. Further, there is preference of those investors toward certain bond covenants. Chih-Young Hung 洪志洋 1997 學位論文 ; thesis 110 zh-TW |
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碩士 === 國立交通大學 === 科技管理研究所 === 85 === Recently, the high-tech industries in Taiwan are experiencing
another cycle of rapid growth. To cope with the increased demand
for their products, many high-tech firms are considering
dramatic increase in their capital investment. Accompanied with
the expansion, there is an urgent need for financing. The
investors in Taiwan have gradually accepted the concept of
convertible bonds (CB). It is interesting to observe that the
CBs issued in recent years have come with various provisions
desirable to investors. The purpose of this study is to
investigate the preference of institutional investors toward the
desirability of the provisions provided in most of the CBs. The
industrial buyer behavior model suggested in Sheth (1973) was
used in the study as a basic framework in the design of our
survey questionnaire.The results of this study show that brokers
and underwriters of the CBs are important sources of information
for most of the institutional investors. Further, there is
preference of those investors toward certain bond covenants.
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author2 |
Chih-Young Hung |
author_facet |
Chih-Young Hung Yu, Chia-Ho 游家和 |
author |
Yu, Chia-Ho 游家和 |
spellingShingle |
Yu, Chia-Ho 游家和 Behavior and Characteristics of Taiwan''s Institutional Investor: the Case of Convertible Bonds |
author_sort |
Yu, Chia-Ho |
title |
Behavior and Characteristics of Taiwan''s Institutional Investor: the Case of Convertible Bonds |
title_short |
Behavior and Characteristics of Taiwan''s Institutional Investor: the Case of Convertible Bonds |
title_full |
Behavior and Characteristics of Taiwan''s Institutional Investor: the Case of Convertible Bonds |
title_fullStr |
Behavior and Characteristics of Taiwan''s Institutional Investor: the Case of Convertible Bonds |
title_full_unstemmed |
Behavior and Characteristics of Taiwan''s Institutional Investor: the Case of Convertible Bonds |
title_sort |
behavior and characteristics of taiwan''s institutional investor: the case of convertible bonds |
publishDate |
1997 |
url |
http://ndltd.ncl.edu.tw/handle/93864321343116992211 |
work_keys_str_mv |
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