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Stock reaction to dividend savings of convertible preferred calls: Free cash flow or price pressure effects?

  • Kadapakkam, Palani-Rajan
  • Tang, Alex P.
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    File URL: http://www.sciencedirect.com/science/article/B6VCY-3VWC6GR-7/2/1127863b378e7924e2844abd24a8330c
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    Article provided by Elsevier in its journal Journal of Banking & Finance.

    Volume (Year): 20 (1996)
    Issue (Month): 10 (December)
    Pages: 1759-1773

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    Handle: RePEc:eee:jbfina:v:20:y:1996:i:10:p:1759-1773
    Contact details of provider: Web page: http://www.elsevier.com/locate/jbf

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    1. Asquith, Paul & Mullins, David W, Jr, 1991. " Convertible Debt: Corporate Call Policy and Voluntary Conversion," Journal of Finance, American Finance Association, vol. 46(4), pages 1273-89, September.
    2. Ingersoll, Jonathan E, Jr, 1977. "An Examination of Corporate Call Policies on Convertible Securities," Journal of Finance, American Finance Association, vol. 32(2), pages 463-78, May.
    3. Mikkelson, Wayne H., 1981. "Convertible calls and security returns," Journal of Financial Economics, Elsevier, vol. 9(3), pages 237-264, September.
    4. Lease, Ronald C & Masulis, Ronald W & Page, John R, 1991. " An Investigation of Market Microstructure Impacts on Event Study Returns," Journal of Finance, American Finance Association, vol. 46(4), pages 1523-36, September.
    5. Michael T. Maloney & J. Harold Mulherin, 1992. "The Effects of Splitting on the Ex: A Microstructure Reconciliation," Financial Management, Financial Management Association, vol. 21(4), Winter.
    6. Robert S. Hansen, 1988. "The Demise of the Rights Issue," Review of Financial Studies, Society for Financial Studies, vol. 1(3), pages 289-309.
    7. 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.
    8. Linn, Scott C. & Pinegar, J. Michael, 1991. "The price effects of secondary offerings of senior securities and warrants," Journal of Banking & Finance, Elsevier, vol. 15(3), pages 683-698, June.
    9. Hingorani, Archana & Makhija, Anil K. & Shastri, Kuldeep, 1994. "The impact of calls of preferred stock on common shareholders' wealth," Journal of Banking & Finance, Elsevier, vol. 18(6), pages 1095-1111, December.
    10. Tang, Alex P & Kadapakkam, Palani-Rajan & Singer, Ronald F, 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 481-93, Winter.
    11. 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.
    12. 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.
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