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The Valuation Effects Of Out-Of-The-Money Calls Of Convertible Securities

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  • Alex P. Tang
  • Palani-Rajan Kadapakkam
  • Ronald F. Singer

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  • Alex P. Tang & Palani-Rajan Kadapakkam & Ronald F. Singer, 1994. "The Valuation Effects Of Out-Of-The-Money Calls Of Convertible Securities," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 17(4), pages 481-493, December.
    • Handle: RePEc:bla:jfnres:v:17:y:1994:i:4:p:481-493
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1994.tb00160.x
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    References listed on IDEAS

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    1. Dunn, Kenneth B. & Eades, Kenneth M., 1989. "Voluntary conversion of convertible securities and the optimal call strategy," Journal of Financial Economics, Elsevier, vol. 23(2), pages 273-301, August.
    2. Marais, Laurentius & Schipper, Katherine & Smith, Abbie, 1989. "Wealth effects of going private for senior securities," Journal of Financial Economics, Elsevier, vol. 23(1), pages 155-191, June.
    3. Mikkelson, Wayne H., 1981. "Convertible calls and security returns," Journal of Financial Economics, Elsevier, vol. 9(3), pages 237-264, September.
    4. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    5. repec:bla:jfinan:v:44:y:1989:i:5:p:1401-10 is not listed on IDEAS
    6. Mikkelson, Wayne H. & Partch, M. Megan, 1986. "Valuation effects of security offerings and the issuance process," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 31-60.
    7. Israel, Ronen & Ofer, Aharon R. & Siegel, Daniel R., 1989. "The information content of equity-for-debt swaps : An investigation of analyst forecasts of firm cash flows," Journal of Financial Economics, Elsevier, vol. 25(2), pages 349-370, December.
    8. Arnold R. Cowan & Nandkumar Nayar & Ajai K. Singh, 1993. "Calls of Out-of-the-Money Convertible Bonds," Financial Management, Financial Management Association, vol. 22(4), Winter.
    9. Ingersoll, Jonathan E, Jr, 1977. "An Examination of Corporate Call Policies on Convertible Securities," Journal of Finance, American Finance Association, vol. 32(2), pages 463-478, May.
    10. Vu, Joseph D., 1986. "An empirical investigation of calls of non-convertible bonds," Journal of Financial Economics, Elsevier, vol. 16(2), pages 235-265, June.
    11. Comment, Robert & Jarrell, Gregg A, 1991. "The Relative Signalling Power of Dutch-Auction and Fixed-Price Self-Tender Offers and Open-Market Share Repurchases," Journal of Finance, American Finance Association, vol. 46(4), pages 1243-1271, September.
    12. Harris, Milton & Raviv, Artur, 1985. "A Sequential Signalling Model of Convertible Debt Call Policy," Journal of Finance, American Finance Association, vol. 40(5), pages 1263-1281, December.
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    Cited by:

    1. Omar, Ayishat & Tang, Alex P., 2019. "Earnings management and convertible preferred stock calls," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 423-433.
    2. Kadapakkam, Palani-Rajan & Tang, Alex P., 1996. "Stock reaction to dividend savings of convertible preferred calls: Free cash flow or price pressure effects?," Journal of Banking & Finance, Elsevier, vol. 20(10), pages 1759-1773, December.

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