Divestment of equity stakes — An analysis of exchangeable debt
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.
KeywordsAbnormal Return Event Window Ownership Concentration Cumulative Abnormal Return Market Timing
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© Deutscher Universitäts-Verlag|GWV Fachverlage GmbH, Wiesbaden 2006