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Short sales, price pressure, and the stock price response to convertible bond calls

  • Bechmann, Ken L.
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    File URL: http://www.sciencedirect.com/science/article/B6VHN-4CPDFRJ-1/2/ddf98863a1dcfc524c898d3ce3e936f2
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    Article provided by Elsevier in its journal Journal of Financial Markets.

    Volume (Year): 7 (2004)
    Issue (Month): 4 (October)
    Pages: 427-451

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    Handle: RePEc:eee:finmar:v:7:y:2004:i:4:p:427-451
    Contact details of provider: Web page: http://www.elsevier.com/locate/finmar

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    1. Ederington, Louis H & Goh, Jeremy C, 2001. "Is a Convertible Bond Call Really Bad News?," The Journal of Business, University of Chicago Press, vol. 74(3), pages 459-76, July.
    2. Mikkelson, Wayne H. & Partch, M. Megan, 1988. "Withdrawn Security Offerings," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 23(02), pages 119-133, June.
    3. Eugene F. Fama, . "Market Efficiency, Long-term Returns, and Behavioral Finance," CRSP working papers 340, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
    4. Kraus, Alan & Stoll, Hans R, 1972. "Price Impacts of Block Trading on the New York Stock Exchange," Journal of Finance, American Finance Association, vol. 27(3), pages 569-88, June.
    5. Aditya Kaul & Vikas Mehrotra & Randall Morck, 1999. "Demand Curves for Stocks Do Slope Down: New Evidence From An Index Weights Adjustment," Harvard Institute of Economic Research Working Papers 1884, Harvard - Institute of Economic Research.
    6. Shleifer, Andrei, 1986. " Do Demand Curves for Stocks Slope Down?," Journal of Finance, American Finance Association, vol. 41(3), pages 579-90, July.
    7. Robert S. Hansen, 1988. "The Demise of the Rights Issue," Review of Financial Studies, Society for Financial Studies, vol. 1(3), pages 289-309.
    8. Louis H. Ederington & Gary L. Caton & Cynthia J. Campbell, 1997. "To Call or Not To Call Convertible Debt," Financial Management, Financial Management Association, vol. 26(1), Spring.
    9. Byrd, Anthony K & Moore, William T, 1996. "On the Information Content of Calls of Convertible Securities," The Journal of Business, University of Chicago Press, vol. 69(1), pages 89-101, January.
    10. Mikkelson, Wayne H., 1981. "Convertible calls and security returns," Journal of Financial Economics, Elsevier, vol. 9(3), pages 237-264, September.
    11. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-54, May-June.
    12. Singh, Ajai K., 1997. "Layoffs and underwritten rights offers," Journal of Financial Economics, Elsevier, vol. 43(1), pages 105-130, January.
    13. John S. Howe & Ji-Chai Lin & Ajai K. Singh, 1998. "Clientele Effects and Cross-Security Market Making: Evidence from Calls of Convertible Preferred Securities," Financial Management, Financial Management Association, vol. 27(4), Winter.
    14. Mazzeo, Michael A & Moore, William T, 1992. "Liquidity Costs and Stock Price Response to Convertible Security Calls," The Journal of Business, University of Chicago Press, vol. 65(3), pages 353-69, July.
    15. Singh, Ajai K. & Cowan, Arnold R. & Nayar, Nandkumar, 1991. "Underwritten calls of convertible bonds," Journal of Financial Economics, Elsevier, vol. 29(1), pages 173-196, March.
    16. D'Mello, Ranjan & Ferris, Stephen P. & Hwang, Chuan Yang, 2003. "The tax-loss selling hypothesis, market liquidity, and price pressure around the turn-of-the-year," Journal of Financial Markets, Elsevier, vol. 6(1), pages 73-98, January.
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