我国发行可转债上市公司的财务共性与投资价值实证分析

The Analysis of Value and Financial Characteristics of Listed Companies Financed by Convertible Securities

发行可转债上市公司的基本面状况及其融资、投资和股利分配行为具有共性,在国内上市公司存在“融资饥渴”现象以及股权融资偏好现状下,公司为发行可转债和顺利转股,会做出有利于可转债投资人的决策。对可转债价格波动进行实证分析,证实了可转债具有较大的投资价值。

Listed companies financing by convertible bonds have some common financial Characteristics. These characteristics usually influence the analysis of the value of convertible bonds. An empirical analysis also proved that convertible bonds have good prespect.