{"id":"W2941766477","doi":"10.3390/risks7020047","title":"Contingent Convertible Debt: The Impact on Equity Holders","year":2019,"lang":"en","type":"article","venue":"Risks","topic":"Credit Risk and Financial Regulations","field":"Economics, Econometrics and Finance","cited_by":1,"is_retracted":false,"has_abstract":true,"ca_institutions":"Group for Research in Decision Analysis; HEC Montréal","funders":"Natural Sciences and Engineering Research Council of Canada; HEC Montréal","keywords":"Convertible bond; Coco; Equity value; Business; Debt; Debt-to-equity ratio; Equity (law); Capital structure; Monetary economics; Cost of capital; Recourse debt; Financial system; Finance; Internal debt; Economics; Debt levels and flows; Profit (economics); Microeconomics","routes":{"ca_aff":true,"ca_fund":true,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.001136652,0.0005987923,0.0006715927,0.0005592014,0.0006743245,0.0038818,0.001071342,0.002745604,0.01153659],"category_scores_gemma":[0.006054167,0.0003440398,0.000723519,0.0007271271,0.001686586,0.003331177,0.001555837,0.002449314,0.0005902056],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.001877559,"about_ca_system_score_gemma":0.0009176868,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.009242631,"about_ca_topic_score_gemma":0.003773122,"domain_scores_codex":[0.9993006,0.0002299416,0.00002727166,0.0001255883,0.0001237995,0.0001928126],"domain_scores_gemma":[0.9962224,0.001426012,0.001242819,0.0003110181,0.0003062429,0.0004915305],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"observational","study_design_scores_codex":[0.0004847977,0.0007412699,0.03965385,0.0001390351,0.00008344449,0.002249706,0.000350888,0.1237867,0.005082985,0.7910621,0.005889296,0.03047587],"study_design_scores_gemma":[0.000326825,0.001016398,0.05740411,0.0002360683,0.0003299925,0.001586109,0.0009616773,0.3944619,0.005025112,0.5185502,0.01990651,0.0001950765],"study_design_candidate":"observational","study_design_consensus":null,"genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.822821,0.003230502,0.03769724,0.01098269,0.0001993291,0.0001461373,0.0009381807,0.0002156758,0.1237693],"genre_scores_gemma":[0.9875234,0.0006319681,0.0004946307,0.0001421259,0.00006954259,0.00001271569,0.00006466473,0.000009123237,0.01105191],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.01153659,"threshold_uncertainty_score":0.03859377,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.09597248910661259,"score_gpt":0.3241102346779822,"score_spread":0.2281377455713696,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}