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Convertible bond pricing research and empirical analysis
Ort / Verlag
ProQuest Dissertations & Theses
Erscheinungsjahr
2009
Link zum Volltext
Quelle
ProQuest Dissertations & Theses A&I
Beschreibungen/Notizen
Translation from original language as provided by authorConvertible bonds are becoming an important instruction of investment and finance in Chinese securities market. The research of pricing on convertible bonds helps to issuer determining reasonable issued price, and helps to investors estimating their value. Today, the research of pricing on convertible bonds is a hotspot in academe and operators. Compared with the developed country, many problems exist in the Chinese capital market for a long time,such as the high ratio of stock financing,shortage of the investment instrument and the difficulties of the financial innovation. The development of the convertible bonds market can increase the ratio of the bonds financing,which makes the company adjust their capital structure more flexible and also makes the investor have more choices to invest. In a long term,convertible bonds will become one of the most important financial instruments in Chinese capital market. Chinese convertible bonds market has wide devel