[Ebook pdf] Capital Structures and Corporate Governance: The Role of Hybrid Financial Instruments (International Banking and Finance Law)
❀ Lorenzo Sasso ❀
| #3796914 in Books | 2013-08-27 | Original language:English | PDF # 1 | 9.21 x.63 x6.14l,1.16 | File Name: 9041148434 | 248 pages
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Despite a clear distinction in law between equity and debt, the results of such a categorization can be misleading. The growth of financial innovation in recent decades necessitates the allocation of control and cash-flow rights in a way that diverges from the classic understanding. Some of the financial instruments issued by companies, so-called hybrid instruments, fall into a grey area between debt and equity, forcing regulators to look beyond the legal form of ...
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