Why firms use convertibles: a further test of the sequential-financing hypothesis

Article Abstract:

Why growth firms use convertible debts to raise capital is resolved. The results suggest that convertible debt financing is motivated by a desire to minimize security issue costs and agency costs of over investment for firms with promising growth opportunities to finance major corporate investments of uncertain value and timing.

Taiwan, Investments

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Are convertible bonds underpriced? An analysis of the French market

Article Abstract:

This paper uses a stock-based binomial-tree model to track the pricing of convertible bonds on the French convertible bond market for a period of 18 months. The research shows that the theoretical values for the studied bonds were on average more than three percent higher than the observed market prices.

France

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The Federal funds market and the overnight Eurodollar market

Article Abstract:

This author found a correlation between the predictability of overnight Eurodollar rates and Fed funds rates. This implies that tendencies in daily changes in the two overnight interest rates are caused by the characteristics of the Fed funds market.

Europe, Other General Government Support, Coinage & Currency, Economic aspects, United States. Federal Reserve Board, Money, Euro (Currency), Euro currency transition

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