Contingent capital by itself, without additional measures and supplemental corporate governance improvements, may not prevent firm failure; its real potential unfolds only when it supplements other corporate governance improvements.
Source quote, verbatim
In sum, contingent capital without additional measures and supplemental corporate governance improvements may not pre- vent firm failure.115 The real potential of contingent capital could unfold if it would be used to supplement other corporate govern- ance improvements.
From
Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012), III.B. Unresolved Design Issues, p. 24 https://ssrn.com/abstract=1998455 · source PDF
Cite as
Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455
Holds when
where contingent capital is deployed as a standalone regulatory tool
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