可转换债券
业务
中国
敞篷车
媒体报道
样品(材料)
债券
会计
大样本
货币经济学
财务
经济
结构工程
政治学
法学
工程类
化学
统计
数学
色谱法
社会学
媒体研究
标识
DOI:10.1080/13504851.2022.2056568
摘要
This article investigates whether, when and how firms actively manage media coverage when they plan to issue convertible bonds. Using a sample of listed firms that issued convertible bonds between 2010 and 2020 in China, we find that both firms’ media coverage and positive slant increase one month before issuances and active media management has a positive impact on conversion prices. Overall, our results support the active media management hypothesis and verify that firms actively manage media coverage prior to convertible bond issuances.
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