可转换债券的赎回权和转股价调整权分析
On convertible bond issuer's right to redeem bonds and adjust the price of convertible stock
摘要
文章对可转债发行公司行使赎回权和转股价调整权进行了分析。分析表明,发行公司的决策目标是以尽可能高的转股价格尽可能早地实现转股,因此只要满足赎回条件,公司通常会行使赎回权。除非面临回售的压力,否则发行公司不会主动调整转股价格。
出处
《广东经济管理学院学报》
2005年第6期50-52,共3页
Journal of Guangdong Institute of Business Administration
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