kaal:claim:1998455-014

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

Classification

failuresupport: arguedfailure: standalone-contingent-capital-insufficiencyfamily: systemic-risk-transmissioncontingent-capitalgovernance-designcorporate-governance

Verify

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