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Divestment of equity stakes — An analysis of exchangeable debt

Abstract

Exchangeable debt bears structural resemblance to convertible debt. However, it is not converted into common stock of the issuer, but exchanged into stock of a third firm.

Keywords

Abnormal Return Event Window Ownership Concentration Cumulative Abnormal Return Market Timing 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Deutscher Universitäts-Verlag|GWV Fachverlage GmbH, Wiesbaden 2006

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