Do convertible bond issuances increase the firm value in China? - Evidence from domestic and offshore issuances

被引：0
|
作者：
Garg, Vipul Kumar [1 ]
Subramaniam, Sowmya [1 ]
机构：
[1] Indian Inst Management Lucknow, Dept Finance & Accounting, Lucknow 226013, India
来源：
FINANCE RESEARCH LETTERS | 2025年 / 76卷
关键词：
Convertible bonds; Firm value; China; Offshore issuances; Bond market; CAPITAL-MARKET EQUILIBRIUM; DEBT; SEGMENTATION;
D O I：
10.1016/j.frl.2025.106989
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the relationship between convertible bond issuances and firm value in China, distinguishing between domestic and offshore issuances. The study found compelling evidence that convertible issuances enhance the firm value. While offshore convertible bond issuance positively impacts firm value, its effect is less in comparison with domestic issuances. The issuance of convertible bonds by firms with higher liquidity has a significant impact on firm value.
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页数：8
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