安徽大学学报（自然科学版）2011，Vol.35Issue(4)：26-30,5.
我国可转换公司债券赎回公告效应的实证研究
The empirical research on the announcement effect of redemption of convertible bonds
摘要
Abstract
This paper studied the effect of redemption announcement of convertible bonds by the method of event study. It was found that the effect is significantly positive at the day and day after the announcement, but not significantly negative at the day and before the announcement. As time keeping off the redemption day, the medium-term cumulative abnormal return descends and is not significantly negative. It can be understood that these phenomena are caused by the non- symmetrical effect and the seller pressure by the cash conversion in the Chinese stock market.关键词
可转换公司债券/赎回公告效应/异常收益率/事件研究法Key words
convertible bonds, effect of redemption announcement, abnormal return, event study分类
数理科学引用本文复制引用
王海燕,顾荣宝..我国可转换公司债券赎回公告效应的实证研究[J].安徽大学学报（自然科学版）,2011,35(4):26-30,5.基金项目
国家自然科学研究基金资助项目(70871058,71071071) （70871058,71071071）
教育部人文和社会科学研究基金资助项目(09YSA7909199) （09YSA7909199）
