The pecking order theory and life cycle: Evidence from French firms
نویسندگان
چکیده
منابع مشابه
New evidence on the pecking order hypothesis: the case of French convertible bonds
Convertible bonds (CBs) are an important asset class but their analysis in function of the equity and bond components has received insufficient attention in France. This study investigates the relation between announcement effects and equity components for 141 French CB issues. We use the CB sensitivity to its underlying common stock as a proxy for the equity component. Our results indicate tha...
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ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2019
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv16i3art2