Fatouh, Mahmoud; McCunn, Ayowande A. - In: Journal of Financial Regulation and Compliance 30 (2021) 1, pp. 25-42
Purpose: This paper aims to present a model of shareholders’ willingness to exert effort to reduce the likelihood of bank distress and the implications of the presence of contingent convertible (CoCo) bonds in the liabilities structure of a bank. Design/methodology/approach: This study...