Graduation Year
2015
Date of Submission
4-2015
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Douglas McEachern
Terms of Use & License Information
Rights Information
@ 2015 Aki-Joe Yoshida
Abstract
This study examines the stock market reaction to new convertible bond (CB) issuing firms in Japan during the period 2009 to 2013. The evidence suggests that issuing firms experience significantly negative abnormal following the announcement dates. The relationship between certain firm characteristics and magnitude of market reaction is also studied. Firm size, leverage and book-to-market ratios are found to have no association with abnormal return following a CB announcement.
Recommended Citation
Yoshida, Aki-joe, "New Evidence on the Stock Price Reaction Following Convertible Bond Issuance Announcements in Japan" (2015). CMC Senior Theses. 1100.
https://scholarship.claremont.edu/cmc_theses/1100
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
