Corporate Securities Innovation: An Update

Journal of Applied Finance, Vol. 12, No. 1, Spring/Summer 2002

Posted: 11 May 2002

See all articles by John D. Finnerty

John D. Finnerty

Finnerty Economic Consulting LLC; Fordham University - Finance Area

Douglas R. Emery

University of Miami - Department of Finance

Abstract

This paper reviews innovative corporate securities through year-end 2000. We describe 80 distinct new securities, which we categorize as 1) debt, 2) preferred stock, 3) convertible securities, and 4) common equity. For each security, we analyze probable sources of value added and provide a brief description of its distinctive features, the date of first issue, and an estimate of the number of issues and total new issue volume through year-end 2000. The sources of value added help explain the relative "staying power" of the many innovative securities.

JEL Classification: G10

Suggested Citation

Finnerty, John D. and Emery, Douglas R., Corporate Securities Innovation: An Update. Journal of Applied Finance, Vol. 12, No. 1, Spring/Summer 2002. Available at SSRN: https://ssrn.com/abstract=306751

John D. Finnerty (Contact Author)

Finnerty Economic Consulting LLC ( email )

60 East 42nd Street
Suite 2910
New York, NY 10165
United States
2125991640 (Phone)
2125991242 (Fax)

HOME PAGE: http://www.finnecon.com

Fordham University - Finance Area ( email )

113 West 60th Street
New York, NY 10023
United States
2125991640 (Phone)
2125991242 (Fax)

HOME PAGE: http://www.finnecon.com

Douglas R. Emery

University of Miami - Department of Finance ( email )

P.O. Box 248094
Coral Gables, FL 33124-6552
United States
305-284-4362 (Phone)

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