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Contingent convertibles. Solving or seeding the next banking crisis?
16 references·16 citing·35 second hopsampled
Contingent convertibles. Solving or seeding the next banking crisis? (2011)Contingent convertibles. Solving or seedi…Rating Banks: Risk and Uncertainty in an Opaque Industry (2002)Rating Banks: Risk and Uncert…A Theory of Bank Capital (2000)A Theory of Bank CapitalDefault and Renegotiation: A Dynamic Model of Debt (1998)Default and Renegotiation: A …Arbitrage Theory in Continuous Time (1998)Arbitrage Theory in Continuou…Agency Costs, Risk Management, and Capital Structure (1998)Agency Costs, Risk Management…How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed (1997)How Costly is Financial (Not …Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyCorporate Debt Value, Bond Covenants, and Optimal Capital Structure (1994)Corporate Debt Value, Bond Co…The Role of Demandable Debt in Structuring Optimal Banking Arrangements (1991)The Role of Demandable Debt i…Dynamic Capital Structure Choice: Theory and Tests (1989)Dynamic Capital Structure Cho…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Financial Ratios and the Prob…An analytic derivation of the cost of deposit insurance and loan guarantees An application of modern option pricing theory (1977)An analytic derivation of the…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)FINANCIAL RATIOS, DISCRIMINAN…Bank bailouts, bail‐ins, or no regulatory intervention? A dynamic model and empirical tests of optimal regulation and implications for future crises (2022)Bank bailouts, bail‐ins, or n…Optimal terms of contingent capital, incentive effects, and capital structure dynamics (2020)Optimal terms of contingent c…Are contingent convertibles going-concern capital? (2019)Are contingent convertibles g…Addressing Systemic Risk Using Contingent Convertible Debt — A Network Analysis (2019)Addressing Systemic Risk Usin…Convertible bonds and bank risk-taking (2018)Convertible bonds and bank ri…Contingent Convertibles with Stock Price Triggers: The Case of Perpetuities (2018)Contingent Convertibles with …Growth option, contingent capital and agency conflicts (2017)Growth option, contingent cap…Contingent Capital, Tail Risk, and Debt-Induced Collapse (2017)Contingent Capital, Tail Risk…Market-Triggered Changes in Capital Structure: Equilibrium Price Dynamics (2016)Market-Triggered Changes in C…Announcement Effects of Contingent Convertible Securities: Evidence from the Global Banking Industry (2016)Announcement Effects of Conti…Does contingent capital induce excessive risk-taking? (2014)Does contingent capital induc…Anatomy of a bail-in (2014)Anatomy of a bail-inWhat we do and do not know about convertible bond financing (2013)What we do and do not know ab…Contingent Capital, Real Options and Agency Costs (2013)Contingent Capital, Real Opti…CoCos, Bail-In, and Tail Risk (2013)CoCos, Bail-In, and Tail RiskContingent Convertible ('CoCo') Bonds: A First Empirical Assessment of Selected Pricing Models (2012)Contingent Convertible ('CoCo…The Pricing of Options and Corporate Liabilities (1973)Theory of Rational Option Pricing (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Theory of Bank Risk Taking and Competition Revisited (2005)The Credit Crisis Around the Globe: Why Did Some Banks Perform Better? (2011)How does capital affect bank performance during financial crises? (2013)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)The theory and practice of corporate finance: evidence from the field (2001)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Financial Ratios As Predictors of Failure (1966)Conditional logit analysis of qualitative choice behavior (1972)Methodological Issues Related to the Estimation of Financial Distress Prediction Models (1984)The Effect of Audit Quality on Earnings Management* (1998)Forecasting Bankruptcy More Accurately: A Simple Hazard Model (2001)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Term Structures of Credit Spreads with Incomplete Accounting Information (2001)Capital Structure and Stock Returns (2004)Environmental risk management and the cost of capital (2008)Corporate financing and investment decisions when firms have information that investors do not have (1984)A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)The Determinants of Credit Spread Changes (2001)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Separation of Ownership and Control (1983)Law and Finance (1998)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Managerial incentives and risk-taking☆ (2005)How does financial reporting quality relate to investment efficiency? (2009)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Capital markets research in accounting (2001)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY14,869 cited
  • 1994Investment Under Uncertainty.9,497 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1980Financial Ratios and the Probabilistic Prediction of Bankruptcy6,005 cited
  • 1994Corporate Debt Value, Bond Covenants, and Optimal Capital Structure2,732 cited
  • 1977An analytic derivation of the cost of deposit insurance and loan guarantees An application of modern option pricing theory1,923 cited
  • 1989Dynamic Capital Structure Choice: Theory and Tests1,572 cited
  • 1998Agency Costs, Risk Management, and Capital Structure1,495 cited
  • 1991The Role of Demandable Debt in Structuring Optimal Banking Arrangements1,490 cited
  • 2000A Theory of Bank Capital1,407 cited
  • 1998Arbitrage Theory in Continuous Time1,267 cited
  • 1997How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed1,255 cited
  • 2002Rating Banks: Risk and Uncertainty in an Opaque Industry

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1,244 cited
  • 1998Default and Renegotiation: A Dynamic Model of Debt1,021 cited
  • Cited by

    • 2014Anatomy of a bail-in97 cited
    • 2014Does contingent capital induce excessive risk-taking?96 cited
    • 2013What we do and do not know about convertible bond financing89 cited
    • 2016Market-Triggered Changes in Capital Structure: Equilibrium Price Dynamics62 cited
    • 2018Convertible bonds and bank risk-taking54 cited
    • 2017Contingent Capital, Tail Risk, and Debt-Induced Collapse51 cited
    • 2012Contingent Convertible ('CoCo') Bonds: A First Empirical Assessment of Selected Pricing Models48 cited
    • 2018Contingent Convertibles with Stock Price Triggers: The Case of Perpetuities44 cited
    • 2016Announcement Effects of Contingent Convertible Securities: Evidence from the Global Banking Industry37 cited
    • 2013Contingent Capital, Real Options and Agency Costs34 cited
    • 2013CoCos, Bail-In, and Tail Risk34 cited
    • 2017Growth option, contingent capital and agency conflicts32 cited
    • 2019Addressing Systemic Risk Using Contingent Convertible Debt — A Network Analysis32 cited
    • 2019Are contingent convertibles going-concern capital?31 cited
    • 2020Optimal terms of contingent capital, incentive effects, and capital structure dynamics29 cited
    • 2022Bank bailouts, bail‐ins, or no regulatory intervention? A dynamic model and empirical tests of optimal regulation and implications for future crises26 cited