# kaal:claim:2097160-039

**Claim.** 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.

**Type.** design  **Support.** argued

**Source quote.**

> 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

**From.** Wulf A. Kaal, *Contingent Capital in Executive Compensation* (2012), VI.C The Impact of Ownership Characteristics on Trigger Design, page 68

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

**Verify.** sha256 of source PDF `1e1f8aa246bce19f4658dbceb455c7c2a272aa5d63a9e9bdaa46a3a5a87680fc` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202012%20-%20Contingent%20Capital%20in%20Executive%20Compensation.pdf

**Topics.** contingent-capital, economics

**Keywords.** ownership-characteristics, trigger-design, design-efficiency, contingent-capital

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