Convertible Bonds Pricing with Reset Clauses under the Stochastic Interest Rate The Amendments of the Price of Convertible Stock and the Pricing of Convertible Bond 随机利率下转股价可修正的可转债定价研究转股价修正条款价值与可转债定价研究
Preferred stock or convertible bonds or stock warrants that can be converted into common stock. 可以转换成普通股的优先股或可转换证券或认股权证。
Despite its return to net profitability, the bank recorded a loss per share of 18 cents, reflecting a reset in the price of convertible preferred stock in January. 尽管恢复净盈利能力,但该行每股亏损18美分,这是因为1月份曾经重设可转换优先股的价格。
If they can't, they must sell the government preferred stock that is convertible into common stock after seven years. 如果他们不能,他们必须卖出政府优先股是转换成普通股后,7年。
Negotiable bond convertible loan stock 流通公债,可转让债券可转换股的债权股额
Based on VAR-( BV) EGARCH model which introduces interest rate as exogenous variable in the first time, this paper studies on the spillover effects between Chinese convertible bonds and stock markets. 将利率作为外生变量,运用VAR-(BV)EGARCH模型对可转债市场与股票市场之间的溢出效应进行研究。
Convertible adjustable preferred stock 可转换可调整优先股
On convertible bond issuer's right to redeem bonds and adjust the price of convertible stock 可转换债券的赎回权和转股价调整权分析
The Reasons of Issuing Convertible Bonds and the Stock Price Effects 可转换债券发行动因及股价效应研究
It is concluded that convertible preference stock is a superior venture capital contract form. 并得出可转换优先股是最优的风险投资契约形式的结论。
But there is enigmas in China's convertible bonds market, that is to say, market price before convertible is under convertible value correspond to stock. 但我国可转债市场上却发现价值悖论,即进入转换之前的市场价格始终低于其股票相对应的转换价值。
Firstly, this paper argues that convertible preferred stock can not only allocate residual claims between investors and entrepreneurs, but also assign control rights. 可转换优先股不仅可以在投资者和企业家之间分配剩余索取权,还可以分配控制权,而且这种控制权的转移是状态依存的。
To reduce the degree of asymmetric information and keep moral hazard away, venture capitalists usually adopt convertible preferred stock as an investment tool, staged financing as a method of investing capital and allocating of control rights efficiently to arrange contract in the process of investment. 为了降低信息不对称程度以及有效防范道德风险,风险投资家在投资风险企业的过程中通常采用可转换优先股作为投资工具、分阶段对企业进行投资、合理有效的分配控制权来安排契约。
Effect of Convertible Bonds Issuing on Stock Value in China 中国可转债发行的股权价值效应
This thesis takes risk into consideration and compares convertible bond financing with stock financing and pure bond financing so as to demonstrate the internal causes of convertible bond optimizing enterprise capital structure. 在考虑风险的情况下把可转换债券融资与股权融资和纯债券融资相比较,揭示发行可转换债券能够优化企业资本结构的内在原因。
We find the issue announcement of convertible bond cause the stock price to drop by 1.1%. 我们发现在我国可转债的发行导致股价下降了1.1%。
It discovers the convertible stock can lower acting risk and give the valid stimulation to the both side. 通过分析发现可转换证券可以减少代理风险,对双方产生有效的激励作用。
The executing conditions of the provisions of Chinese convertible bonds depend on stock prices, which make pricing more complicated. 我国可转换债券的发行条款执行条件多为有条件执行,其定价方法更为复杂。
In the venture capital market of USA, arrangement of convertible preferential stock and staggered investment forms the core of financial affairs governance structure. 其中可转换优先股和分阶段投资构成风险资本市场财务治理结构的核心。
In venture capital financing, practitioners use different securities, especially convertible preferred stock. Agency theory and property rights theory have different explanation for it. 现实中风险资本融资使用不同种类的证券工具,尤其是大量使用可转换优先股,委托代理理论和控制权理论对此有不同的解释。
The analysis shows that convertible preferred stock or convertible debt is the best if good output level is twice as high as the original capital. 通过对模型的数量分析发现,如果好的产出水平大于债务重组金额2倍,选择可转债或可转换优先股都是最优的债务重组工具;
Convertible preference stocks combines common stock's merit with that of credit and matches the income and the risk well. 风险投资投资工具中,可转换优先股投资结合了普通股投资与债权投资的优点,较好的实现了收益分配与风险的匹配;
Convertible Bonds: Stock Property and Debt Property 可转换债券:股性和债性
The Bonds with Warrants combine both the advantages of convertible bond and stock, it will be more and more popular in our capital market, because of its leverage and regulations, the Bonds with Warrants will be welcomed by more and more investors. 分离交易可转换债券结合了可转换债券和股票融资的优点,将得到越来越多的上市公司青睐,同时由于其认股权证交易的杠杆作用和交易制度规定,也会得到更多投资者的认可。
Convertible bond and stock, the bond market credit spreads and so on of the main factors influencing the bond fund returns. 可转换债券和股票,债券市场的信用价差等归纳为影响债券型基金收益率的主要因素。
At last, an empirical analysis is done through a binomial tree model, by using the sample data of the related convertible bonds in the stock market, which verifies the validity and practicality of the model and methods established in this thesis. 最后利用证券市场上的可转换债券相关样本数据,采用二叉树定价模型进行实证分析,验证了本文所建立的模型和方法的有效性与实用性。
As to the launch of growth enterprise market in China and development of venture capitals in China, this paper suggests formulating policies to approve the issuance of convertible securities and preferred stock in China. 在对我国创业板建设以及风险投资行业发展的推动方面,本文建议我国建立更全面地政策支持可转换证券的发行,尤其是可转换优先股融资的发行。
This study provides some thoughts to the application of convertible preferred stock in venture capital. ( 1) This study constructs a two-stage financing model which is supported by many theoretical studies and demonstrations. 本文的研究,对可转换优先股在风险投资中的具体应用提供了思路。(1)本文构建了两阶段融资模型,这一模型为大多数理论研究和实证所支持。