x
uploads/preference bond.jpg

preference bond 〔英國〕優先公債[股]。

preferential

There are many mechanics can be used , such as the preference share , the redeemable preference share , convertible preference share , the income bond , the anti - dilution clause , the protection against dilution , mandatory dividend , convertible preference bond , participating preference share , etc . however , in the contract freedom , some stakeholders , such as creditors , minority shareholders , suffer from significant information imperfections and negative externalities 原因在于,當公司向股東分配股票,包括股票股利、資本公積金轉增股本時,不會導致財產流出公司,不會減少對優先股股東和債權人的擔保財產,通常不會損害優先股股東和債權人利益,不會對優先股股東和債權人產生負的外部性。克服負外部性的機制之一是,通過程序強制,為第三方參加締約創造機會。