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Market undervaluation of risky convertible offerings: Evidence from the airline industry

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  • Vitaly Guzhva
  • Kseniya Beltsova
  • Vladimir Golubev

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  • Vitaly Guzhva & Kseniya Beltsova & Vladimir Golubev, 2010. "Market undervaluation of risky convertible offerings: Evidence from the airline industry," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 34(1), pages 30-45, January.
    • Handle: RePEc:spr:jecfin:v:34:y:2010:i:1:p:30-45
    DOI: 10.1007/s12197-007-9015-1
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    References listed on IDEAS

    as
    1. Brennan, Michael J. & Schwartz, Eduardo S., 1980. "Analyzing Convertible Bonds," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 15(4), pages 907-929, November.
    2. Ramanlal, Pradipkumar & Mann, Steven V & Moore, William T, 1998. "Convertible Preferred Stock Valuation: Tests of Alternative Models," Review of Quantitative Finance and Accounting, Springer, vol. 10(3), pages 303-319, May.
    3. Emanuel, David, 1983. "A Theoretical Model for Valuing Preferred Stock," Journal of Finance, American Finance Association, vol. 38(4), pages 1133-1155, September.
    4. Brennan, M J & Schwartz, Eduardo S, 1977. "Convertible Bonds: Valuation and Optimal Strategies for Call and Conversion," Journal of Finance, American Finance Association, vol. 32(5), pages 1699-1715, December.
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    Citations

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    Cited by:

    1. Yaghoub Abdi & Xiaoni Li & Xavier Càmara-Turull, 2023. "Firm value in the airline industry: perspectives on the impact of sustainability and Covid-19," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-24, December.
    2. Akyildirim, Erdinc & Corbet, Shaen & O'Connell, John F. & Sensoy, Ahmet, 2021. "The influence of aviation disasters on engine manufacturers: An analysis of financial and reputational contagion risks," International Review of Financial Analysis, Elsevier, vol. 74(C).

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    More about this item

    Keywords

    Market valuation; Convertible preferred stocks; U.S. airlines; G13; G14;
    All these keywords.

    JEL classification:

    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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