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Tax Options, Clienteles, and Adverse Selection: The Case of Convertible Exchangeable Preferred Stock.(Statistical Data Included)
June 22, 1999... Numerous innovations in the design of financial instruments that corporations issue to raise capital have appeared in recent years. The issue of why corporate securities have the features they do, and why specific innovations succeed or fail,...
Open Market Stock Repurchase Signaling.(Statistical Data Included)
June 22, 1999... In the quarter following the stock market crash in October of 1987 there were over 750 new or renewed open market repurchases announced.(1) Following the fall 1997 correction, IBM announced that it was increasing its outstanding share...