The Use of Hybrid Securities. Market Timing, Investor Rationing, Signaling and Asset Restructuring.
Benjamin Kleidt
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Description for The Use of Hybrid Securities. Market Timing, Investor Rationing, Signaling and Asset Restructuring.
Paperback. Series: Ebs-forschung, Schriftenreihe Der European Business School Schloss Reichartshausen. Num Pages: 164 pages, 42 black & white tables, biography. BIC Classification: KFF. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 10. Weight in Grams: 302.
How firms choose among competing instruments of external finance has been widely discussed in the finance literature for decades. However, many important questions raised in this discussion remain unanswered today - in particular with regard to a firm's use of hybrid securities. The core market for these financing instruments, which comprise structures such as convertible debt, mandatory convertibles or exchangeable debt, is the US market, which has been characterized by a sharp increase in issuance volumes during recent years. In his thesis, Mr. Kleidt sets out to answer the question why firms issue hybrid securities. This is not only a ... Read more
How firms choose among competing instruments of external finance has been widely discussed in the finance literature for decades. However, many important questions raised in this discussion remain unanswered today - in particular with regard to a firm's use of hybrid securities. The core market for these financing instruments, which comprise structures such as convertible debt, mandatory convertibles or exchangeable debt, is the US market, which has been characterized by a sharp increase in issuance volumes during recent years. In his thesis, Mr. Kleidt sets out to answer the question why firms issue hybrid securities. This is not only a ... Read more
Product Details
Format
Paperback
Publication date
2006
Publisher
Deutscher Universitats-Verlag Germany
Number of pages
164
Condition
New
Series
Ebs-forschung, Schriftenreihe Der European Business School Schloss Reichartshausen
Number of Pages
164
Place of Publication
Wiesbaden, Germany
ISBN
9783835002470
SKU
V9783835002470
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Benjamin Kleidt
Dr. Benjamin Kleidt ist wissenschaftlicher Mitarbeiter des Stiftungslehrstuhls Bank- und Finanzmanagement der European Business School, Oestrich-Winkel.
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