kaal:claim:2097160-005

Market solutions and private ordering alone are unlikely to produce contingent capital designs that improve corporate governance in SIFIs, because privately negotiated sales so far have not produced governance-sensitive designs.

Source quote, verbatim
It is doubtful if market solutions and private ordering alone will produce contingent capital designs that help improve corporate governance in SIFIs.
From

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), III. Contingent Capital, p. 25
https://ssrn.com/abstract=2097160 · source PDF

Cite as

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012). SSRN: https://ssrn.com/abstract=2097160

Holds when
Classification

failuresupport: arguedfailure: Private ordering does not yield governance-improving designsfamily: collective-action-and-coordination-failurerisk-and-incentivescontingent-capitalgovernance-designcorporate-governance

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