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Archivio digitale delle tesi discusse presso l’Università di Pisa

Tesi etd-02242009-153943


Tipo di tesi
Tesi di dottorato di ricerca
Autore
DEL VIVA, LUCA
URN
etd-02242009-153943
Titolo
Convertible bonds: characteristics, pricing and financing
Settore scientifico disciplinare
SECS-P/09
Corso di studi
ECONOMIA AZIENDALE
Relatori
Relatore Prof.ssa Carlesi, Ada
Parole chiave
  • asset pricing
  • capital structure
  • convertible bonds
  • financing
Data inizio appello
15/06/2009
Consultabilità
Non consultabile
Data di rilascio
15/06/2049
Riassunto
The work focuses on the analysis of convertible bonds from the motivations of the issuance, the pricing problem and the models to appraise the convenience in issuing such assets. In particular after outlining the basic characteristics of convertibles and the main problems in pricing such assets, a comparison model with credit risk is developed in order to help managers and companies to set all the contractual features of the asset and to decide the best financing alternative. The work moreover introduces a cash flow motivation in issuing such assets that can be added to the available literature and tested empirically.
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