Managing expected return of investors: Convertible bonds in China

被引：2
|
作者：
Yang, Ruyan [1 ]
Meng, Hui
Xu, Feng
机构：
[1] Grad Univ, Chinese Acad Sci, Sch Management, Beijing 10080, Peoples R China
[2] Financial Stabil Bur Peoples Bank China, Beijing 100032, Peoples R China
[3] China Re Assets Management Co Ltd, Beijing 100034, Peoples R China
来源：
INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING | 2007年 / 6卷 / 01期
关键词：
management of expected return; convertible bonds; international comparison;
D O I：
10.1142/S0219622007002393
中图分类号：
TP18 [人工智能理论];
学科分类号：
081104 ; 0812 ; 0835 ; 1405 ;
摘要：
This article studies the market reaction surrounding the announcement of the convertible bonds issuance in Chinese market, and partly explains the difference of influence on underlying securities in mature market such as the US market and emerging market in China. Meanwhile, it reveals how insiders in Chinese market use convertible bonds as a tool to manage the expected return of external investors.
引用
收藏
页码：141 / 161
页数：21
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