leverage and no contingent convertible securities. From a theoretical perspective, we found that jumps in the asset value …We implemented a methodology to calibrate capital structure models for banks that have issued contingent convertible … securities (CoCos). Typical studies involving capital structure model calibration focus on non-financial firms as they have lower …

In this paper we study the role of convertible securities in the financing of start-up enterprises when the … variability of the return is sufficiently large, the entrepreneurs will find it desirable to rely on convertible securities with … devices with convertible securities and explain why convertible securities have become the most commonly used financial …

convertible securities and contingent control rights can be used to resolve this conflict efficiently. This contractual …