Empirical Analysis of Impact of Conversion ofConvertible Bonds on Corporate Performance of Different Industries in China

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DOI: 10.4236/ojs.2011.12013   PDF   HTML     4,903 Downloads   8,404 Views  

Abstract

We apply the methods of principle component analysis (PCA) and Wilcoxon’s signed rank test (WSRT) to study influence of conversion of convertible bonds on corporate performance of different industries in China. In this paper, 33 convertible bonds that were issued by non-financial sectors from 2002 to 2009 in China with the convertible rate more than 50% within a year were selected as a research sample. In order to provide a reference for the parties concerned, the influence of conversion of convertible bonds on corporate performance in different industries was studied from the industrial properties point of review.

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H. Ding and X. Lu, "Empirical Analysis of Impact of Conversion ofConvertible Bonds on Corporate Performance of Different Industries in China," Open Journal of Statistics, Vol. 1 No. 2, 2011, pp. 110-114. doi: 10.4236/ojs.2011.12013.

Conflicts of Interest

The authors declare no conflicts of interest.

References

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[2] J. Wang, “Research on Convertible Behavior of Convertible Company Bonds,” Chinese Science and Tech- nology Information, No. 3, 2005, pp.19-22.
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[5] W. L. Zhang, “Principal Component Analysis Is Applied Using SPSS Software,” Market Research, No. 3, 2005, pp.31-34.
[6] Wilcoxon, Frank. “Individual Comparisons by Ranking Methods,” Biometrics Bulletin, Vol. 1, No. 6, 1945, pp. 80-83. doi:10.2307/3001968

  
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