The Use of Hybrid Securities

The Use of Hybrid Securities

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Benjamin Kleidt analyzes why firms decide to issue hybrid securities. He provides insights into the financing behaviour of issuing firms with regard to operating and stock price performance prior and subsequent to hybrid security issues and shows that issuance motives for the use of different forms of hybrid securities are as diverse as available structures for this asset class.Foreword How firms choose among competing instruments of external finance has been widely discussed in the finance ... The thesis on hand carefully identifies and addresses open research questions related to the use of hybrid securities byanbsp;...

Title:The Use of Hybrid Securities
Author:Benjamin Kleidt
Publisher:Springer Science & Business Media - 2007-12-03


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