Mjøs, Aksel; Persson, Svein-Arne - In: European Journal of Operational Research 207 (2010) 3, pp. 1350-1357
Banks and other financial institutions issue hybrid capital as part of their risk capital. Hybrid capital has no maturity, but, similarly to most corporate debt, includes an embedded issuer's call option. To obtain acceptance as risk capital, the first possible exercise date of the embedded call...