kaal:claim:2957645-023

Where conversion has a negative effect on stock price, management is further incentivized to maintain and manage risk in order to avoid reputational loss and the income reduction caused by losses in stock options.

Source quote, verbatim
In situations where conversion had a negative effect on stock price,49 management could be incentivized further to maintain and manage risk to avoid reputational loss and income reduction due to losses in stock
From

Kaal, Dynamic Regulation via Contingent Capital (2017), III. Contingent Capital, p. 13
https://ssrn.com/abstract=2957645 · source PDF

Cite as

Kaal, Dynamic Regulation via Contingent Capital (2017). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645

Holds when
Classification

mechanismsupport: arguedcorporate-governancerisk-and-incentivescontingent-capital

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