Matches in SemOpenAlex for { <https://semopenalex.org/work/W2155703449> ?p ?o ?g. }
Showing items 1 to 98 of
98
with 100 items per page.
- W2155703449 abstract "By buying convertibles and shorting the underlying stock, hedge funds distribute equity exposure to well-diversified shareholders. We find that a higher fraction of a convertible is privately-placed with hedge funds when institutional ownership, stock liquidity, issue size, concurrent stock repurchases, and limitations on callability suggest that shorting costs will be lower. Firms with characteristics that make seasoned equity offerings expensive are also more likely to issue convertibles to hedge funds, and we show that firms issuing convertibles to hedge funds would have had significantly higher issue costs if they had instead chosen to issue seasoned equity. Discounts are not higher on convertibles issued to hedge funds, which is in line with hedge funds serving as relatively low-cost distributors of equity exposure rather than investors of last resort." @default.
- W2155703449 created "2016-06-24" @default.
- W2155703449 creator A5002451583 @default.
- W2155703449 creator A5054119341 @default.
- W2155703449 creator A5059177521 @default.
- W2155703449 creator A5085811060 @default.
- W2155703449 date "2011-01-01" @default.
- W2155703449 modified "2023-09-26" @default.
- W2155703449 title "Convertibles and Hedge Funds as Distributors of Equity Exposure" @default.
- W2155703449 cites W1485477304 @default.
- W2155703449 cites W1813404994 @default.
- W2155703449 cites W1983281918 @default.
- W2155703449 cites W1991465635 @default.
- W2155703449 cites W2050146935 @default.
- W2155703449 cites W2058420905 @default.
- W2155703449 cites W2058776456 @default.
- W2155703449 cites W2104121425 @default.
- W2155703449 cites W2120139936 @default.
- W2155703449 cites W2145081793 @default.
- W2155703449 cites W2146299832 @default.
- W2155703449 cites W2164191429 @default.
- W2155703449 cites W2240961776 @default.
- W2155703449 cites W3121389650 @default.
- W2155703449 cites W3123279838 @default.
- W2155703449 cites W3123958934 @default.
- W2155703449 cites W3125196584 @default.
- W2155703449 cites W3125640499 @default.
- W2155703449 cites W611221139 @default.
- W2155703449 doi "https://doi.org/10.2139/ssrn.1567260" @default.
- W2155703449 hasPublicationYear "2011" @default.
- W2155703449 type Work @default.
- W2155703449 sameAs 2155703449 @default.
- W2155703449 citedByCount "9" @default.
- W2155703449 countsByYear W21557034492012 @default.
- W2155703449 countsByYear W21557034492013 @default.
- W2155703449 countsByYear W21557034492016 @default.
- W2155703449 crossrefType "journal-article" @default.
- W2155703449 hasAuthorship W2155703449A5002451583 @default.
- W2155703449 hasAuthorship W2155703449A5054119341 @default.
- W2155703449 hasAuthorship W2155703449A5059177521 @default.
- W2155703449 hasAuthorship W2155703449A5085811060 @default.
- W2155703449 hasConcept C10138342 @default.
- W2155703449 hasConcept C144133560 @default.
- W2155703449 hasConcept C162324750 @default.
- W2155703449 hasConcept C17744445 @default.
- W2155703449 hasConcept C18123600 @default.
- W2155703449 hasConcept C183582576 @default.
- W2155703449 hasConcept C199539241 @default.
- W2155703449 hasConcept C199728807 @default.
- W2155703449 hasConcept C204434749 @default.
- W2155703449 hasConcept C206757995 @default.
- W2155703449 hasConcept C34375142 @default.
- W2155703449 hasConcept C39389867 @default.
- W2155703449 hasConcept C43089589 @default.
- W2155703449 hasConcept C556758197 @default.
- W2155703449 hasConcept C73283319 @default.
- W2155703449 hasConceptScore W2155703449C10138342 @default.
- W2155703449 hasConceptScore W2155703449C144133560 @default.
- W2155703449 hasConceptScore W2155703449C162324750 @default.
- W2155703449 hasConceptScore W2155703449C17744445 @default.
- W2155703449 hasConceptScore W2155703449C18123600 @default.
- W2155703449 hasConceptScore W2155703449C183582576 @default.
- W2155703449 hasConceptScore W2155703449C199539241 @default.
- W2155703449 hasConceptScore W2155703449C199728807 @default.
- W2155703449 hasConceptScore W2155703449C204434749 @default.
- W2155703449 hasConceptScore W2155703449C206757995 @default.
- W2155703449 hasConceptScore W2155703449C34375142 @default.
- W2155703449 hasConceptScore W2155703449C39389867 @default.
- W2155703449 hasConceptScore W2155703449C43089589 @default.
- W2155703449 hasConceptScore W2155703449C556758197 @default.
- W2155703449 hasConceptScore W2155703449C73283319 @default.
- W2155703449 hasLocation W21557034491 @default.
- W2155703449 hasOpenAccess W2155703449 @default.
- W2155703449 hasPrimaryLocation W21557034491 @default.
- W2155703449 hasRelatedWork W1489360515 @default.
- W2155703449 hasRelatedWork W1544178613 @default.
- W2155703449 hasRelatedWork W1590179242 @default.
- W2155703449 hasRelatedWork W1603811378 @default.
- W2155703449 hasRelatedWork W1971946201 @default.
- W2155703449 hasRelatedWork W2004703395 @default.
- W2155703449 hasRelatedWork W2149928902 @default.
- W2155703449 hasRelatedWork W2157330914 @default.
- W2155703449 hasRelatedWork W2267912153 @default.
- W2155703449 hasRelatedWork W2499752235 @default.
- W2155703449 hasRelatedWork W2548364842 @default.
- W2155703449 hasRelatedWork W2593485250 @default.
- W2155703449 hasRelatedWork W3122082756 @default.
- W2155703449 hasRelatedWork W3123316563 @default.
- W2155703449 hasRelatedWork W3124097566 @default.
- W2155703449 hasRelatedWork W3125143802 @default.
- W2155703449 hasRelatedWork W3125644969 @default.
- W2155703449 hasRelatedWork W3142660263 @default.
- W2155703449 hasRelatedWork W3164464664 @default.
- W2155703449 hasRelatedWork W2466071818 @default.
- W2155703449 isParatext "false" @default.
- W2155703449 isRetracted "false" @default.
- W2155703449 magId "2155703449" @default.
- W2155703449 workType "article" @default.