A study on financing choice among convertible, debt and equity in U.S..
Chua, Li Leen.
Chua, Shen Hwee.
Ng, Swee Kee.
Date of Issue2006
College of Business (Nanyang Business School)
This paper extends Marsh's  and Billingsley et al's  researches, with inclusion of additional variables, to examine differences in characteristics of convertible-issuing firms versus straight debt- and equity-issuing firms in the United States from 1995 to 2004. The objectives of this research seek to explain the deviation of our results with prior findings, broaden the scope of study as well as to evaluate the predictive ability of Marsh's model. We examined factors that may explain companies' financing choices.
Final Year Project (FYP)
Nanyang Technological University