Observatorio de I+D+i UPM

Memorias de investigación
Communications at congresses:
Mandatory Convertibles: An Efficient Form of Capital Issuance
Year:2017
Research Areas
  • Economy,
  • Branch of activity,
  • Finance
Information
Abstract
Mandatory Convertibles represent only a small fraction of all the securities issued by corporate or financial institutions, however, they reach nearly a 30% in volume of all the convertible securities issued every year and its popularity increases steadily over time. Mandatory convertibles can reduce the shareholder dilution compared to a straight capital increase. Mandatory convertibles were commonly issued by financial institutions amid the global crisis as a means to increase capital and could be considered as an antecessor of some types of AT1 (Additional Tier One Capital Instruments) and Contingent Convertible Bonds. This research examines the scarce academic literature that studies this very particular security.
International
No
Congress
INDUSTRIALES RESEARCH MEETING IRM 2017
960
Place
Madrid
Reviewers
Si
ISBN/ISSN
978-84-16397-58-7
Start Date
04/04/2017
End Date
05/04/2017
From page
114
To page
114
IRM 2017 PROCEEDINGS
Participants
  • Autor: Carlos Rodriguez Monroy (UPM)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Ingeniería de la Calidad Alimentaria
  • Departamento: Ingeniería de Organización, Administración de Empresas y Estadística
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