MANAGING EXPECTED RETURN OF INVESTORS: CONVERTIBLE BONDS IN CHINA

Ruyan Yang (), Hui Meng () and Feng Xu ()
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Ruyan Yang: School of Management, Graduate University of Chinese Academy of Sciences, Beijing 10080, China
Hui Meng: Financial Stability Bureau of the People's Bank of China, Beijing 100032, China
Feng Xu: China Re Assets Management Co., Ltd., Beijing 100034, China

International Journal of Information Technology & Decision Making (IJITDM), 2007, vol. 06, issue 01, 141-161

Abstract: This article studies the market reaction surrounding the announcement of the convertible bonds issuance in Chinese market, and partly explains the difference of influence on underlying securities in mature market such as the US market and emerging market in China. Meanwhile, it reveals how insiders in Chinese market use convertible bonds as a tool to manage the expected return of external investors.

Keywords: Management of expected return; convertible bonds; international comparison (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitdm:v:06:y:2007:i:01:n:s0219622007002393

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DOI: 10.1142/S0219622007002393

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