{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/positions/2026-07-31-5708",
 "identifier": "kaal:position:2026-07-31-5708",
 "additionalType": "https://wulfkaal.github.io/positions/schema.json#AffirmedPositionClaim",
 "name": "Legacy Contingent Capital A Tale Of Two Valuations Da071F140C",
 "text": "Contingent capital: A tale of two valuations should be assessed against Kaal's source-bound position that Regulatory guidance on contingent capital design and issuance may be needed to curtail executive involvement in designing these instruments and to produce socially optimal designs. The external source's verified abstract presents this proposition: Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs. The defensible response is a qualification: the source is pertinent to the Kaal position, but agreement, extension, contradiction, and scope should not be strengthened beyond the retrieved evidence.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "datePublished": "2026-07-31",
 "dateModified": "2026-07-31",
 "creativeWorkStatus": "Affirmed",
 "responseType": "qualification",
 "keywords": [
  "contingent-capital",
  "historical-response",
  "scholarly-literature"
 ],
 "scope_conditions": [
  "The response remains limited to the source proposition and evidence retrieved in this reconciliation cycle.",
  "External evidence level: abstract indexed.",
  "Mapping review tier: legacy curated mapping review.",
  "Mapping confidence is intentionally unscored.",
  "The source-to-claim mapping remains explicitly ambiguous and is published with that limitation."
 ],
 "currentDebate": {
  "name": "Contingent capital: A tale of two valuations",
  "url": "https://doi.org/10.1111/jori.70065"
 },
 "extends": {
  "identifier": "kaal:claim:2097160-031",
  "url": "https://wulfkaal.github.io/claims/2097160-031",
  "citation": "Wulf A. Kaal, Contingent Capital in Executive Compensation (2012). SSRN: https://ssrn.com/abstract=2097160",
  "paper": "Wulf A. Kaal, Contingent Capital in Executive Compensation",
  "authors": [
   "Wulf A. Kaal"
  ],
  "year": "2012",
  "ssrn": "https://ssrn.com/abstract=2097160",
  "source_pdf_sha256": "1e1f8aa246bce19f4658dbceb455c7c2a272aa5d63a9e9bdaa46a3a5a87680fc"
 },
 "isBasedOn": [
  {
   "@id": "https://wulfkaal.github.io/claims/2097160-031"
  },
  {
   "@type": "CreativeWork",
   "name": "Contingent capital: A tale of two valuations",
   "url": "https://doi.org/10.1111/jori.70065"
  }
 ],
 "batch_id": "kaal-review:2026-07-31:legacy-reconciliation-0001",
 "review_provenance": "https://kaal-signal-desk.wulf577462.chatgpt.site/#frozen-batch-heading",
 "publicationStatus": "public",
 "recordTypeNote": "Dated commentary position extending a scholarly corpus claim. Not a verbatim claim extracted from the paper.",
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/positions/index.json"
 },
 "version": "1.0",
 "canonical_url": "https://wulfkaal.github.io/positions/2026-07-31-5708",
 "canonicalForm": "https://wulfkaal.github.io/positions/2026-07-31-5708.md",
 "candidateId": "kaal:response-draft:2026-07-31:cadf0f332dd0bc7837a5",
 "evidenceLevel": "abstract indexed",
 "reviewTier": "legacy curated mapping review",
 "mappingConfidence": null,
 "mappingAmbiguous": true,
 "mappingMethod": "legacy corpus-wide candidate binding",
 "mappingWhyRelevant": "The source proposition is pertinent to the scope of kaal:claim:2097160-031; final semantic strength requires human review.",
 "sourceProvenance": {
  "source": "Crossref REST API",
  "endpoint": "https://api.crossref.org/works/10.1111/jori.70065",
  "status": 200,
  "legacyEvidenceLevel": "metadata reviewed",
  "sourceLayer": "scholarly work",
  "provider": "Crossref",
  "providerId": "10.1111/jori.70065",
  "sourceIdentityKey": "doi:10.1111/jori.70065",
  "retrievedAt": "2026-07-31T17:48:21.509Z",
  "sourceMetadataSha256": "cbe8b91c4d8f97eddb4409009479f4a3ddd9a0ddc15434c0a6ac6725fdbb010b",
  "sourceContentSha256": "07a66b4640eba190ebd84c7dbe93a5f5b5a91662f56b199df0b9669e106f16b2",
  "sourceProposition": "Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs."
 },
 "userAffirmation": "I affirm batch kaal-review:2026-07-31:legacy-reconciliation-0001, SHA-256 1f3dcd62332f12880cc3432ab8f2df0ba0b52bbf3db528ab15bff9b620296e35, as written and authorize publication of all 52 response claims on my canonical property, preserving their evidence levels, ambiguity labels, and the unchanged 5,033 scholarly claims.",
 "sha256": "a8e88b077392bc009b3a5a5bf70d98bd3b6156877ace67aec00f24c533e8170e"
}