kaal:claim:2097160-039

Who owns the contingent convertible bonds affects the efficiency, effectiveness, and corporate governance results of a trigger design, so ownership characteristics belong in the design analysis.

The nature of ownership of contingent convertible bonds may create different demands on the design features. Who owns the contingent convertible bonds can impact the efficiency, effectiveness, and corporate governance results of trigger designs.276

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), VI.C The Impact of Ownership Characteristics on Trigger Design, p. 68
https://ssrn.com/abstract=2097160 · source PDF

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

designsupport: arguedcontingent-capitaleconomics

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