Abstract Macroeconomic conditions and stock running can affect the decisions for convertible bond financing. Firm sizes and equity structures significantly influence the choice between common equity and convertible bonds. Profitability and tax shields significantly influence the choice between straight debt and convertible bond. Total risks and growth opportunities are significantly negatively related to convertible bond financing. Financial leverage and financial slack are unrelated to the choice of convertible bond.
DIAO Gong-Beng. An Empirical Research into Convertible Bond Financing Choices for Chinese Listed Companies after the Split Share Structure Reform. Economic Survey, 2011, 28(1): 0147.