kaal:claim:1908473-010

Contingent capital offers only limited protection against information asymmetries, principal and agent conflicts, and collective action problems, so it cannot by itself prevent economic failure.

Source quote, verbatim

Contingent capital can only limitedly protect against information asymmetries, principal/agent issues, and collective action problems.

From

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), II.B. Limitations and Open Issues, p. 19
https://ssrn.com/abstract=1908473 · source PDF

Cite as

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473

Classification

failuresupport: arguedfailure: limited-protection-scopefamily: information-asymmetrydisclosureai-and-agentscorporate-governanceinstitutional-designcontingent-capital

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