000 02258nam a22003975i 4500
001 978-3-8350-9077-4
003 DE-He213
005 20161121230906.0
007 cr nn 008mamaa
008 100301s2006 gw | s |||| 0|eng d
020 _a9783835090774
_9978-3-8350-9077-4
024 7 _a10.1007/978-3-8350-9077-4
_2doi
050 4 _aHG1-HG9999
072 7 _aKFF
_2bicssc
072 7 _aBUS027000
_2bisacsh
082 0 4 _a332
_223
245 1 4 _aThe Use of Hybrid Securities
_h[electronic resource] /
_cedited by Benjamin Kleidt.
264 1 _aWiesbaden :
_bDUV,
_c2006.
300 _aXXIII, 164 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aDefinitions -- Why firms issue convertible debt — Market timing and investor rationing -- A note on systematic risk changes around convertible debt issues -- The concurrent offerings puzzle -- Divestment of equity stakes — An analysis of exchangeable debt -- Conclusions and outlook.
520 _aDuring recent years, an increasing number of corporations have decided to raise external capital via markets for hybrid securities. Hybrid securities share characteristics of common stock and straight debt and appear in different forms, such as convertible debt, mandatory convertibles or exchangeable debt. Benjamin Kleidt analyzes why firms decide to issue hybrid securities. Applying state-of-the-art event study analyses to recent data, he provides interesting insights into the financing behaviour of issuing firms with regard to operating and stock price performance prior and subsequent to hybrid security issues. It turns out that issuance motives for the use of different forms of hybrid securities are as diverse as available structures for this asset class.
650 0 _aFinance.
650 1 4 _aFinance.
650 2 4 _aFinance, general.
700 1 _aKleidt, Benjamin.
_eeditor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783835002470
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-8350-9077-4
912 _aZDB-2-SBE
950 _aBusiness and Economics (Springer-11643)
999 _c505511
_d505511