Insolvency Timing and Managerial Decision-Making

AvFrederik Drescher

Häftad, Engelska, 2013

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Beskrivning

Frederik Drescher addresses the timing of non-mandatory insolvency filings based on threatening illiquidity (§ 18 InsO) with the aim of a company's restructuring as an agency problem between owners and management. The hypothesis of a tendency towards delayed insolvency filings, which was developed using a decision model, is experimentally confirmed. Moreover, the author analyzes different incentive instruments potentially leading to earlier insolvency filings.

Produktinformation

Utgivningsdatum:2013-10-02
Mått:148 x 210 x 12 mm
Vikt:281 g
Format:Häftad
Språk:Engelska
Antal sidor:191
Upplaga:2014
Förlag:Springer Fachmedien Wiesbaden
ISBN:9783658028183

Utforska kategorier

Affärsstrategi inom Ekonomi och Ledarskap

Mer om författaren

Frederik Drescher holds a degree in Business Administration from WHU Otto Beisheim School of Management and wrote his doctoral thesis at Technische Universität München under the supervision of Prof. Dr. Gunther Friedl. He is a consultant with a special focus on corporate restructuring.

Innehållsförteckning

InInsolvency Timing as an Agency Problem.- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision.- Experimental Testing of Interest Alignment Instruments.