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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/87548


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/87548


    题名: 論臺灣海外可轉換公債之設計與外匯避險問題
    On the designing and foreign exchange hedging issues of Taiwanese euroconvertibles
    作者: 程裕城
    Cheng, Yu-Cheng
    贡献者: 吳啟銘
    Wu, Qi-Ming
    程裕城
    Cheng, Yu-Cheng
    关键词: 海外可轉換公司債
    證券設計
    發行動機
    外匯避險
    財務工程
    二因子模式
    Euroconvertibles
    security designa
    rationale
    foreign exchange hedging
    financial engineering
    two-factor model
    日期: 1995
    上传时间: 2016-04-28 15:07:17 (UTC+8)
    摘要: 本文首先利用證券設計的原理來探索臺灣發行海外可轉換公司債的動機同時也探討這些發行公司究竟該不該積極地管理其債券風險
    The thesis first examines the rationales of Taiwanese Euroconvertibles.Then, the foreign exchange hedging issue is explored for the issuers.
    參考文獻: AdJer, M. and B. Dumas, 1984, "Exposure to Currency Risk," Financial Management 13, pp.41-50.
    Brennan, M. and E. Schwartz, 1977, "Conveltible Bond: Valuation and Optimal Strategies for Call and Conversion," Journal of Finance (December), pp. 1699-1715.
    Brennan, M. and E. Schwaltz, 1982, "The Case for Conveltibles," Chase Financial Qualterly 1, pp. 27-46.
    Brennan, M. and A. Kraus, 1987, "Efficient Financing under Asymmetric Information," Journal of Finance 42, pp. 1225-44.
    Chen, Mu-Tsai, 1992, "The Financial System and Financial Policies of the Republic of China on Taiwan," Financial Reference Series 17 (March), (MiniStlY of Finance, Taiwan,
    RO.C.).
    Chen, Po-Chao, 1995, "Euroconvertibles: Sweetner or Toxi.n," (in Chinese) Taiwan Stock Outlook-1995 (May), pp. 20-22.
    Chew, Jr. D.H., 1993, The New Corporate Finance Where Theory Meets Practice, (McGrawHill,Inc.)
    Copeland, T.E. and J.F. Weston, 1992, Financial Theory and Corporate Policy, 3rd ed., (Addison-Wesley Publishing Company, Inc.)
    Dufey, G. and S. Srinivasulu, 1983, "The Case for Corporate Management of Foreign Exchange Risk," Financial Management, Vol. 12, No.4, pp. 54-62.
    Eckbo, E., 1986, "The Valuation Effect of Corporate Debt Offerings," Journal of Financial Economics 15, pp. 119-151.
    Fabozzi, F.J. and T.D. Fabozzi, 1995, The Handbook of Fixed Income Securities, 4th ed. , (Irwin).
    Finnerty, ID., 1993, "Interpreting SIGNs," Financial Management, Vol. 22. No.2, pp. 35-47.
    Francis, IC., W.W. Toy and IG. Whittaker, 1995, The Handbook of Equity Derivatives, (Irwin).
    Galitz, L.,1994, Financial Engineering, (Pitman Publishing, London).
    Gibbons, M., 1982, "Multivariate Tests of Financial Models: A New Approach," Journal of Financial Economics 10 (January), pp. 3-27.
    Hsiao, Teng-Yao, 1994, " Overview to the issuance of the Euroconveliible of Stock-Listed Finn," (in Chinese) Security Management (July), pp. 42-57.
    Hlmg, Mao-Wei, 1995, "Insights into Corporate Finance: Hedging First," (in Chinese) Wealth Magazine157 (April), pp. 288-29l.
    Jensen, M.C. and W. Meckling 1976, "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure," Journal of Financial Economics 3, pp. 306-360.
    Jorion, P. 1991, "The Pricing of Exchange Rate Risk in the Stock Market," Journal of Financial and Quantitative Analysis 26, 3 (September), pp. 363-376.
    Kaufold, ll. and Smirlock, M., 1986, "Managing Corporate Exchange and Interest Rate Exposure," Financial Management 15,3, pp. 64-72.
    Kerkvliet, J. and M.ll. Moffett, 1991, "The Hedging of an Uncetiain Future Foreign Currency Cash Flow," Journal of Financial and Quantitative Analysis 26, 4 (December), pp. 565-579.
    Kmenta, J. , 1990, Elements of Econometrics, 2nd ed., (Macmillan Publishing Company, NewYork).
    Lee, Tsun-Siou, and Shu-Wan Chang, 1994, " The Issuance of convertibles: Factors Considered and its Relation to the Finn`s Value," (in Chinese) Security Market Development Quatierly 22 (March). pp. 279-305.
    Lin, Chiang-Liang, 1995, "On the Financial Quality of the Companies Issuing Convertible Bonds," (in Chinese) Master Thesis, National Chengchi University.
    Lin, Ching-Hua, 1995, "Something beyond the Opening to Foreign Investors: A Note on the Influence of Euroconvertibles on the Domestic Stock Market," (in Chinese) Capital Securities Journal Weekly, Issue 241 (March).
    Marshall, J.F. and VK Bansal 1992, Financial Engineering, (New York Institute of Finance, New York, New York) .
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    Ross, S.A., R.W. Westerfield, and I.F. Jaffe, 1993, Corporate Finance, 3rd ed . (Irwin, Homewood, Illinois).
    Stulz, R.M., "Options on the Minimum and Maximum of Two Assets," Journal of Financial Economics 10, 1982, pp. 161-185.
    描述: 碩士
    國立政治大學
    財務管理研究所
    83357006
    資料來源: http://thesis.lib.nccu.edu.tw/record/#B2002003000
    数据类型: thesis
    显示于类别:[財務管理學系] 學位論文

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