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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

    as
    1. Mikkelson, Wayne H., 1981. "Convertible calls and security returns," Journal of Financial Economics, Elsevier, vol. 9(3), pages 237-264, September.
    2. 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.
    3. Mais, Eric L & Moore, William T & Rogers, Ronald C, 1989. " A Re-examination of Shareholder Wealth Effects of Calls of Convertible Preferred Stock," Journal of Finance, American Finance Association, vol. 44(5), pages 1401-1410, December.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    12. 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.
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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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