Victoria University

The Value Relevance of Information about Convertible Financial Instruments

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Show simple item record Bishop, Helen Bradbury, Mike van Zijl, Tony 2007-11-21T02:06:06Z 2007-11-21T02:06:06Z 2005 2005
dc.description.abstract We investigate the value relevance of the financial statement information about convertible financial instruments. Our findings indicate that the classification of convertibles provides incremental information over and above the book value of equity and net income. This finding is not as strong for convertibles that are classified as a form of mezzanine financing between debt and equity as for those classified as debt or equity. We also find that investors make use of information contained in the notes but only with respect to mandatory convertibles and convertibles where the right to make the decision about conversion or redemption rests with the issuer. en_NZ
dc.language.iso en_NZ
dc.publisher Victoria University of Wellington en_NZ
dc.relation.ispartofseries No. 24 en_NZ
dc.relation.ispartofseries Working Paper en_NZ
dc.subject Accounting regulations en_NZ
dc.subject Debt valuation en_NZ
dc.subject Equity valuation en_NZ
dc.title The Value Relevance of Information about Convertible Financial Instruments en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit Centre for Accounting, Governance and Taxation Research en_NZ
vuwschema.contributor.unit School of Accounting and Commercial Law en_NZ
vuwschema.subject.marsden 350000 Accounting, Auditing and Accountability en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ

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