https://scholars.lib.ntu.edu.tw/handle/123456789/414606
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.author | Wang, Ma Ju | en_US |
dc.contributor.author | Lin, Yun Wei | en_US |
dc.contributor.author | TSUN-SIOU LEE | en_US |
dc.creator | TSUN-SIOU LEE;Lin, Yun Wei;Wang, Ma Ju | - |
dc.date.accessioned | 2019-07-23T08:18:36Z | - |
dc.date.available | 2019-07-23T08:18:36Z | - |
dc.date.issued | 2015-01-01 | - |
dc.identifier.issn | 20419945 | - |
dc.identifier.uri | https://scholars.lib.ntu.edu.tw/handle/123456789/414606 | - |
dc.description.abstract | © 2015 Korean Securities Association. This study examines the causality between the returns of convertible bonds and stocks during periods of conversion-price resets and general pre-reset in Taiwan. Profits, stock turnover, and firm size affect the significance of causality. The empirical results indicate that the returns of convertible bonds always lag behind the stock returns for general pre-reset periods. However, for reset periods, the numbers of companies for which convertible bonds lead ahead of the stock market increases. The causality reversal is based on uprising liquidity and information transparency. These results provide evidence that various reset price mechanisms affect financing market efficiency. | en_US |
dc.publisher | WILEY-BLACKWELL | en_US |
dc.relation.ispartof | Asia-Pacific Journal of Financial Studies | en_US |
dc.subject | Causality | Convertible bond | Reset period | Reversal | en_US |
dc.title | A Study of the Causality between Convertible Bond Prices and Stock Prices in Conversion-price Reset Periods - Time-series and Cross-section Analyses | en_US |
dc.type | journal article | en |
dc.identifier.doi | https://api.elsevier.com/content/abstract/scopus_id/84946843767 | - |
dc.identifier.doi | 10.1111/ajfs.12096 | - |
dc.identifier.scopus | 2-s2.0-84946843767 | - |
dc.identifier.isi | WOS:000356364600004 | - |
dc.identifier.url | https://api.elsevier.com/content/abstract/scopus_id/84946843767 | - |
dc.relation.pages | 447 | en_US |
dc.relation.journalvolume | 44 | en_US |
dc.relation.journalissue | 3 | en_US |
dc.relation.pageend | 474 | en_US |
item.fulltext | no fulltext | - |
item.cerifentitytype | Publications | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.grantfulltext | none | - |
item.openairetype | journal article | - |
crisitem.author.dept | EMBA | - |
crisitem.author.parentorg | College of Management | - |
顯示於: | 財務金融學系 |
在 IR 系統中的文件,除了特別指名其著作權條款之外,均受到著作權保護,並且保留所有的權利。