附认股权公司债券于[(20)-50(312300274315)0(60)]年代开始受到美国企业界青睐;到了80年代,由日本公司发行的附认股权公司债券风靡欧洲,为日本公司在海外融资发挥了重要作用,欧洲、亚洲各国企业纷纷效仿采用这一融资工具;90年代日本泡沫经济破灭,正股价的暴跌使认股权证失去价值,附认股权公司债券的发展趋于缓慢。 Bonds issued by companies in the United States have been favored by the U.S. business community since [(20) -50 ( 312 300 274 315) 0 (60)]. By the 1980s, Equity corporate bonds have become popular in Europe, playing an important role in financing Japanese companies abroad. Enterprises in European countries and Asian countries all followed the example of using this financing tool. In the 1990s, Japan’s bubble economy burst and its stock price plunged the warrants to lose value. The development of equity corporate bonds tends to be slow.