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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/27813
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| Title: | | Investitionen und Emissionen von Convertible Bonds (Wandelanleihen)  |
| Authors: | | Heidorn, Thomas Gerhold, Mirko |
| Issue Date: | | 2004 |
| Series/Report no.: | | Arbeitsberichte der Hochschule für Bankwirtschaft 50 |
| Abstract: | | Convertible bond issues increase considerably since 1990. The paper shows that these issues are more than just the combination of a bond and an option. The pricing depends on the share price, the shares volatility, the interest rate, and the interest volatility , the credit spread, and the correlation among them. Convertibles are especially helpful for non rated or low rated companies. The information asymmetry between management and investor can be considerably reduced compared to bond or share issues. |
| Subjects: | | hybrids convertible arbitrage hedge fonds issue of convertibles investing in convertibles |
| JEL: | | G12 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-2008072222 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management
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