Convertible Bond Market Research Articles

THE SEASONALITY IN CONVERTIBLE BOND MARKETS: A STOCK EFFECT OR BOND EFFECT?

AbstractThere is a strong January effect in convertible bond returns that has been partially attributed to seasonality in the underlying stock. January returns for convertible bonds are positively influenced by the degree to which the bond reflects the underlying equity, which suggests that the anomaly in one asset market may carry over to its derivative asset market. Significant evidence presented here indicates that the January effect also is attributable to unique tax‐loss selling in the convertible bond market. A peripheral contribution of this study is that, similar to findings in the stock market, the risk‐return trade‐off appears to hold only in January for convertible bonds.

INVESTING AND HEDGING TECHNIQUES IN THE CONVERTIBLE BOND MARKET*

Financial ReviewVolume 6, Issue 1 p. 68-69 INVESTING AND HEDGING TECHNIQUES IN THE CONVERTIBLE BOND MARKET* Charles E. Vinson, Charles E. Vinson Dr. Vinson is Assistant Professor of Finance, College of Commerce and Business Administration, University of Alabama.Search for more papers by this author Charles E. Vinson, Charles E. Vinson Dr. Vinson is Assistant Professor of Finance, College of Commerce and Business Administration, University of Alabama.Search for more papers by this author First published: February 1971 https://doi.org/10.1111/j.1540-6288.1971.tb01519.x * A dissertation completed at North Texas State University in 1969. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat No abstract is available for this article. Volume6, Issue1February 1971Pages 68-69 RelatedInformation