MISC

Basic information

Name TERASHIMA, Koji
Belonging department 会計ファイナンス研究科
Occupation name 専任講師
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Title 

The Determinants of Recapitalization through Issuing Convertible Bond and Capital Structure Adjustment Behavior

					

					

						

							

								

									
Bibliography　Type 

									
								

							

						

						
Joint Author

					

					

						

							

								

									
Summary 

									
								

							

						

						
The purpose of this study is to empirically elucidate the economic motivations of companies that implement recap CB. As a result of the analysis, it was found that the purpose of this capital policy is as follows: (1) Achievement of exogenous standards for ROE by improving profitability indicators, (2) Realization of the optimal capital structure for management, and (3) Provision of arbitrage opportunities.

					

					

						

							

								

									
Magazine(name) 

									
								

							

						

						
Working paper, Management Innovation Research Center, School of Business Administration, Hitotsubashi University Business School  

					

					

						

							

								

									
Volume 

									
								

							

						

						
No.233_v3

					

					

						

							

								

									
Subject1