碩士 / 國立彰化師範大學 / 商業教育學系 / 95 / The purpose of this paper is to examine the determinants of conversion premium when the Taiwan companies issue Euro Convertible Bonds. The results observed by the whole sample multiple regression show that the issuers with large principal amount, high insider ownership, high effective tax rate and excellent corporate credit rating will set higher conversion premium. Moreover the reputation of underwriter is another factor of setting conversion premium.
From the sub-samples of SEC and OTC, it obtains that there appear different effect factors when the issuers are class with SEC and OTC.
We can also see that when issuers set higher conversion premium, the stock returns of ECB is better than that set lower conversion premium.
| Identifer | oai:union.ndltd.org:TW/095NCUE5316029 |
| Date | January 2007 |
| Creators | Fang zhi hang, 方志航 |
| Contributors | 吳明政 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 76 |
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