| In reviewing and analyzing the documents inside and outside, the content of this essay is drawn forth, which is about the impact coming from the conversion behavior towards stock prices. Through setting up the related conditions and examine the qualified samples, 22 convertible bonds has been chosen for empirical analysis, which are listed in Shanghai Trading Market and which carried a scale convertible movement. It is concluded that the act of convertible bond will have negative influence on company value. Based on the existing problems and the result of empirical study, the aim of this essay will mainly put forward to some improving and consulting advice. One is to strengthen the education of investor’s financial knowledge, to make it more fully understanding of convertible bonds. The second is to relax restrictions on convertible bond issuers, to develop the convertible bonds’ market. |
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