Title page for etd-0701102-162751


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URN etd-0701102-162751
Author Hung-Yu Hsieh
Author's Email Address No Public.
Statistics This thesis had been viewed 5092 times. Download 3034 times.
Department Business Management
Year 2001
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title The discounting for initial public offering of convertible bonds
Date of Defense 2002-06-14
Page Count 49
Keyword
  • convertible bond
  • Abstract Abstract
    This paper examined the discounting for initial public offering of convertible bonds. We got the samples in Taiwan since 1990 to 2002 and surveyed there was the existing of excess return or not. In addition, we also try to find some variables that are relative to the excess return. After testing and verifying the samples, we had some conclusion:
    1.There is excess return for the initial public offering of convertible bonds. It means when companies issued the convertible bonds, they discounted the issuing price purposely by some conditions such like coupon rate or conversion price.
    2.When we used multi-factors regression to verify which factors are relative to initial return, the factors “the credit ranking of issuing company” and “trade market” had powerful influence to the initial return.
    3.When we used t-test to verify initial return, we found that if separating the samples with some factors like “company ages”、“trade market”、“amount of assets”、“issuing year”, the initial return had much difference between them.
    Advisory Committee
  • Ruey-Dang Chang - chair
  • Wen Jue Lee - co-chair
  • James C. T Lee - advisor
  • Anlin Chen - advisor
  • Files
  • etd-0701102-162751.pdf
  • indicate access worldwide
    Date of Submission 2002-07-01

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