IDEAS home Printed from https://ideas.repec.org/a/wsi/rpbfmp/v12y2009i02ns0219091509001642.html
   My bibliography  Save this article

The Relationship between European Convertible Bond Issues and Corporate Governance: A Study of Electronics Companies in Taiwan

Author

Listed:
  • Jen-Hung Huang

    (Department of Management Science, National Chiao Tung University, 1001 Ta Hsueh Road, Hsinchu, 300, Taiwan)

  • Hyley Huang

    (National Chiao Tung University, Wintek Corporation, 10 Chien-Kuo Road, TEPZ Tantzu, Taichung 427, Taiwan)

  • Cheng-Few Lee

    (Rutgers University, 94 Rockefeller Road, Piscataway, New Jersey, USA)

Abstract

The purpose of this paper is to study the relationship between European convertible bond issues and corporate governance. After reviewing the regulation of Taiwan's ECB issues, we use the data from publicly traded electronics stocks from Taiwan to perform the empirical study. We found that the larger the company's ECB issue size, the higher the premium at the time of the ECB issue. In addition, we also found that the higher the company debt ratio, the lower the ECB issue premium. Finally, we found that the larger the company market value, the larger the size of the ECB issue.

Suggested Citation

  • Jen-Hung Huang & Hyley Huang & Cheng-Few Lee, 2009. "The Relationship between European Convertible Bond Issues and Corporate Governance: A Study of Electronics Companies in Taiwan," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 309-359.
    • Handle: RePEc:wsi:rpbfmp:v:12:y:2009:i:02:n:s0219091509001642
    DOI: 10.1142/S0219091509001642
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219091509001642
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219091509001642?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    European convertible bond; corporate governance;

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:rpbfmp:v:12:y:2009:i:02:n:s0219091509001642. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/rpbfmp/rpbfmp.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.