The Price Behavior of Reset Convertible Bond
碩士 === 長庚大學 === 企業管理研究所 === 94 === In recent years, reset convertible bonds become popular products in the bond market. Issuers continually add many rights into the contracts; for example reset clauses, put clauses, call clauses and conversion clauses. How Investors clearly distinguish these is an i...
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2005
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| Online Access: | http://ndltd.ncl.edu.tw/handle/73860542477613042269 |
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ndltd-TW-094CGU001210212015-10-13T11:57:24Z http://ndltd.ncl.edu.tw/handle/73860542477613042269 The Price Behavior of Reset Convertible Bond 重設型可轉換公司債價格行為之研究 LIN CHENG-WEI 林政緯 碩士 長庚大學 企業管理研究所 94 In recent years, reset convertible bonds become popular products in the bond market. Issuers continually add many rights into the contracts; for example reset clauses, put clauses, call clauses and conversion clauses. How Investors clearly distinguish these is an important point. This research use regressions to find key factors affecting the prices of convertible bonds and suggest how to pick up suitable convertible bonds. This research takes one year model prices and market prices of 32 convertible bonds and identifies difference of both as overpricing. Then data are classified according to moneyness, maturity, stocks standard errors, liquid, and contract clauses. My paper discusses relationship between overpricing and classification and explains them on efficiency. CHAN CHIN-HORNG 詹錦宏 2005 學位論文 ; thesis 118 zh-TW |
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NDLTD |
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zh-TW |
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Others
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NDLTD |
| description |
碩士 === 長庚大學 === 企業管理研究所 === 94 === In recent years, reset convertible bonds become popular products in the bond market. Issuers continually add many rights into the contracts; for example reset clauses, put clauses, call clauses and conversion clauses. How Investors clearly distinguish these is an important point. This research use regressions to find key factors affecting the prices of convertible bonds and suggest how to pick up suitable convertible bonds.
This research takes one year model prices and market prices of 32 convertible bonds and identifies difference of both as overpricing. Then data are classified according to moneyness, maturity, stocks standard errors, liquid, and contract clauses. My paper discusses relationship between overpricing and classification and explains them on efficiency.
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| author2 |
CHAN CHIN-HORNG |
| author_facet |
CHAN CHIN-HORNG LIN CHENG-WEI 林政緯 |
| author |
LIN CHENG-WEI 林政緯 |
| spellingShingle |
LIN CHENG-WEI 林政緯 The Price Behavior of Reset Convertible Bond |
| author_sort |
LIN CHENG-WEI |
| title |
The Price Behavior of Reset Convertible Bond |
| title_short |
The Price Behavior of Reset Convertible Bond |
| title_full |
The Price Behavior of Reset Convertible Bond |
| title_fullStr |
The Price Behavior of Reset Convertible Bond |
| title_full_unstemmed |
The Price Behavior of Reset Convertible Bond |
| title_sort |
price behavior of reset convertible bond |
| publishDate |
2005 |
| url |
http://ndltd.ncl.edu.tw/handle/73860542477613042269 |
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