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The Choice Among Debt, Equity, And Convertible Bonds

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  • Randall S. Billingsley
  • Robert E. Lamy
  • G. Rodney Thompson

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  • Randall S. Billingsley & Robert E. Lamy & G. Rodney Thompson, 1988. "The Choice Among Debt, Equity, And Convertible Bonds," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 11(1), pages 43-55, March.
    • Handle: RePEc:bla:jfnres:v:11:y:1988:i:1:p:43-55
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1988.tb00065.x
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    References listed on IDEAS

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    1. Eckbo, B. Espen, 1986. "Valuation effects of corporate debt offerings," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 119-151.
    2. Dann, Larry Y. & Mikkelson, Wayne H., 1984. "Convertible debt issuance, capital structure change and financing-related information : Some new evidence," Journal of Financial Economics, Elsevier, vol. 13(2), pages 157-186, June.
    3. Marsh, Paul, 1982. "The Choice between Equity and Debt: An Empirical Study," Journal of Finance, American Finance Association, vol. 37(1), pages 121-144, March.
    4. Brealey, R A & Hodges, S D & Capron, D, 1976. "The Return on Alternative," The Review of Economics and Statistics, MIT Press, vol. 58(4), pages 469-477, November.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Randall S. Billingsley & Robert E. Lamy & David M. Smith, 1990. "Units Of Debt With Warrants: Evidence Of The “Penalty-Free” Issuance Of An Equity-Like Security," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 13(3), pages 187-199, September.
    2. Grassa, Rihab & Miniaoui, Hela, 2018. "Corporate choice between conventional bond and Sukuk issuance evidence from GCC countries," Research in International Business and Finance, Elsevier, vol. 45(C), pages 454-466.
    3. Mann, Steven V. & Moore, William T. & Ramanlal, Pradipkumar, 1999. "Timing of Convertible Debt Issues," Journal of Business Research, Elsevier, vol. 45(1), pages 101-105, May.
    4. Liao, Yulu & Huang, Paoyu & Ni, Yensen, 2022. "Convertible bond issuance volume, capital structure, and firm value," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
    5. Marie Dutordoir & Linda Van de Gucht, 2009. "Why Do Western European Firms Issue Convertibles Instead of Straight Debt or Equity?," European Financial Management, European Financial Management Association, vol. 15(3), pages 563-583, June.
    6. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
    7. Francis, Jennifer & Olsson, Per & Schipper, Katherine, 2005. "Call Options and Accruals Quality," SIFR Research Report Series 34, Institute for Financial Research.
    8. Sarkar, Sudipto, 1999. "Duration and convexity of zero-coupon convertible bonds," Journal of Economics and Business, Elsevier, vol. 51(2), pages 175-192, March.
    9. Lee, Hei-Wai & Gentry, James A., 1995. "An empirical study of the corporate choice among common stock, convertible bonds and straight debt: A cash flow interpretation," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(4), pages 397-419.
    10. Jalan, P. & Barone-Adesi, G., 1995. "Equity financing and corporate convertible bond policy," Journal of Banking & Finance, Elsevier, vol. 19(2), pages 187-206, May.
    11. Dutordoir, M.D.R.P. & Van de Gucht, L., 2006. "Why Do Western European Firms Issue Convertibles Instead of Straight Debt or Equity?," ERIM Report Series Research in Management ERS-2006-056-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    12. Stephen C. Vogt, 1994. "The role of internal financial sources in firm financing and investment decisions," Review of Financial Economics, John Wiley & Sons, vol. 4(1), pages 1-24, September.
    13. Mohamed, Hisham Hanifa & Masih, Mansur & Bacha, Obiyathulla I., 2015. "Why do issuers issue Sukuk or conventional bond? Evidence from Malaysian listed firms using partial adjustment models," Pacific-Basin Finance Journal, Elsevier, vol. 34(C), pages 233-252.

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