MARC details
| 000 -LEADER |
|---|
| fixed length control field |
04543cam a2200469 i 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
|---|
| control field |
20250918234549.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
140508t2013 ne b 001 0 eng |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
9789041148438 |
| Terms of availability |
RM480.70 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
9041148434 |
| 039 #9 - LEVEL OF BIBLIOGRAPHIC CONTROL AND CODING DETAIL [OBSOLETE] |
|---|
| Level of rules in bibliographic description |
201501091531 |
| Level of effort used to assign nonsubject heading access points |
adnan |
| Level of effort used to assign subject headings |
201501061209 |
| Level of effort used to assign classification |
adnan |
| Level of effort used to assign subject headings |
201412101503 |
| Level of effort used to assign classification |
masrul |
| y |
05-08-2014 |
| z |
masrul |
| 040 ## - CATALOGING SOURCE |
|---|
| Original cataloging agency |
WMM-L |
| Language of cataloging |
eng |
| Transcribing agency |
WMM-L |
| Description conventions |
rda |
| Modifying agency |
DGU-L |
| -- |
CSt-Law |
| -- |
OHX |
| -- |
YDXCP |
| -- |
BTCTA |
| -- |
DLC |
| -- |
UKM |
| Description conventions |
rda |
| 043 ## - GEOGRAPHIC AREA CODE |
|---|
| Geographic area code |
e-uk--- |
| -- |
n-us--- |
| 090 ## - LOCALLY ASSIGNED LC-TYPE CALL NUMBER (OCLC); LOCAL CALL NUMBER (RLIN) |
|---|
| Classification number (OCLC) (R) ; Classification number, CALL (RLIN) (NR) |
C15.9KD.S245 2 |
| 090 ## - LOCALLY ASSIGNED LC-TYPE CALL NUMBER (OCLC); LOCAL CALL NUMBER (RLIN) |
|---|
| Classification number (OCLC) (R) ; Classification number, CALL (RLIN) (NR) |
C15.9KD |
| Local cutter number (OCLC) ; Book number/undivided call number, CALL (RLIN) |
.S245 2 |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Sasso, Lorenzo, |
| Relator term |
author. |
| 245 10 - TITLE STATEMENT |
|---|
| Title |
Capital structure and corporate governance : |
| Remainder of title |
the role of hybrid financial instruments / |
| Statement of responsibility, etc. |
Lorenzo Sasso. |
| 264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Place of production, publication, distribution, manufacture |
Alphen aan den Rijn, The Netherlands : |
| Name of producer, publisher, distributor, manufacturer |
Kluwer Law International, |
| Date of production, publication, distribution, manufacture, or copyright notice |
[2013] |
| 264 #4 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Date of production, publication, distribution, manufacture, or copyright notice |
©2013 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
xi, 230 pages ; |
| Dimensions |
25 cm. |
| 336 ## - CONTENT TYPE |
|---|
| Content type term |
text |
| Source |
rdacontent |
| 337 ## - MEDIA TYPE |
|---|
| Media type term |
unmediated |
| Source |
rdamedia |
| 338 ## - CARRIER TYPE |
|---|
| Carrier type term |
volume |
| Source |
rdacarrier |
| 490 1# - SERIES STATEMENT |
|---|
| Series statement |
International banking and finance law series ; |
| Volume/sequential designation |
v. 21 |
| 500 ## - GENERAL NOTE |
|---|
| General note |
Originally issued as author's thesis (doctoral) --London School of Economics and Political Science (University of London), 2012. |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE |
|---|
| Bibliography, etc. note |
Includes bibliographical references (pages 193-215) and index. |
| 505 00 - FORMATTED CONTENTS NOTE |
|---|
| Miscellaneous information |
Introduction -- |
| Title |
A historical perspective -- |
| -- |
Distinguishing between equity and debt -- |
| -- |
Settling the theoretical framework -- |
| -- |
From the classification to the functional approach -- |
| -- |
Significant corporate decisions -- |
| -- |
Financing through hybrid instruments : risks opportunism and legal strategies for mitigation -- |
| -- |
Control transactions -- |
| -- |
Conclusive considerations. |
| 520 3# - SUMMARY, ETC. |
|---|
| Summary, etc. |
This thesis consists of a study of English and US corporate finance law and, in particular, the law in relation to hybrid financial instruments. Hybrids of financial instrument presents a mix of equity and debt characteristics. Therefore this thesis excludes from examination all the derivative instruments, while it focuses on two main types of hybrid security, in relation to their relevance to the situation studied: preference shares and convertible bonds. Despite a clear distinction in law between equity and debt, the development of sophisticated hybrid financial instruments has forced regulators to look beyond the legal form of an instrument to its practical substance. As observable in practice, the increase in financial innovation reflects the necessity of the parties to allocate control and cash-flow rights in a way that diverges from the classic allocation resulting from equity and debt. Most of the empirical and theoretical research in this area has focused on the tax advantages of issuing hybrids as a way of reducing the cost of capital or on their capacity to be subordinated to all the creditors and to be unable to trigger the liquidation of the firm in case of default on its payouts. However, very little contribution has been made to the analysis of these securities with regard to their implications for corporate governance. This thesis aims to discuss the rationale for issuing hybrids, and to evaluate the law relative to these instruments against the background of both agency costs and property rights theories. The functional approach unveils an important rationale for issuing hybrids. The UK and US have legal systems characterized by transactional flexibility. They rely heavily on ex post standards strategies to protect preference shareholders and on the judiciary to evaluate the fairness of a transaction. This flexibility places the UK and US legal systems among the most business-friendly countries. The vacuum left by mandatory company law in favour of a major flexibility in the market has pushed the parties to fill it contracting for their rights. In so doing they have facilitated the business relations and better protected themselves with careful drafting. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Hybrid securities |
| General subdivision |
Law and legislation. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Corporate governance |
| General subdivision |
Law and legislation |
| Geographic subdivision |
United Kingdom. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Corporate governance |
| General subdivision |
Law and legislation |
| Geographic subdivision |
United States. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Corporation law |
| Geographic subdivision |
United Kingdom. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Corporation law |
| Geographic subdivision |
United States. |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE |
|---|
| Uniform title |
International banking and finance law series ; |
| Volume/sequential designation |
v. 21. |
| 856 41 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Materials specified |
Table of contents only |
| Uniform Resource Identifier |
<a href="http://www.loc.gov/catdir/toc/fy14pdf03/2013363828.html">http://www.loc.gov/catdir/toc/fy14pdf03/2013363828.html</a> |
| 907 ## - LOCAL DATA ELEMENT G, LDG (RLIN) |
|---|
| a |
.b15893868 |
| b |
2019-11-12 |
| c |
2019-11-12 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Koha item type |
AM |
| Suppress in OPAC |
No |
| Call number prefix |
C15.9KD.S245 2 |
| 914 ## - VTLS Number |
|---|
| VTLS Number |
vtls003558635 |
| 990 ## - EQUIVALENCES OR CROSS-REFERENCES [LOCAL, CANADA] |
|---|
| Link information for 9XX fields |
mab |
| 991 ## - LOCAL NOTE (NAMA FAKULTI/INSTITUT/PUSAT) |
|---|
| a |
Fakulti Undang-Undang |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) |
|---|
| Library |
PERPUSTAKAAN UNDANG-UNDANG |
| Operator's initials, OID (RLIN) |
2014-08-05 |
| Cataloger's initials, CIN (RLIN) |
m |
| Material Type (Sierra) |
Printed Books |
| Language |
English |
| Country |
|
| -- |
0 |
| -- |
.b15893868 |
