The research indicate that convertible bondfinancing achieve the object of dynamic adjustment of target asset-liability ratio from theoretics analysis an…
更确切地说，是可转换债券转股率的变化导致了公司目标资产负债率的动态调整。
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This suggests it is in part a financial firm now, and that it USES its muscle to compensate for the lack of bank funding and bond-market financing for infrastructure investments.
The Convertible Company Bond plays positive function for companies in financing with low cost, getting high stock premium, improving finance structure, etc.