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1 s2.0 S0929119911000162 Main by chinhtrandactran is a document available to read on EtoBox.
This paper analyzes the design choices of convertible securities issued by 814 firms from 2000 to 2007, focusing on factors influencing the selection of fixed income claims and payment methods. It finds that firms often choose cash settlement features to manage earnings and mitigate agency costs, with a notable increase in cash settlements following favorable accounting treatment. Additionally, the study highlights that mandatory conversion features are adopted by firms concerned about debt capacity, partic
- Author
- chinhtrandactran
- Language
- EN