ENGLISH

Insolvency Timing and Managerial Decision-Making

By Frederik Drescher (auth.)

Book information

Publisher
Gabler Verlag
Year
2014
ISBN
978-3-658-02818-3, 978-3-658-02819-0
DOI
10.1007/978-3-658-02819-0
Language
english
Format
PDF
Filesize
6 MB (6648114 bytes)
Edition
1
Pages
191\205
Orientation
yes
Scanned
yes
Time added
2013-09-29 13:01:14
Management/Business for Professionals

Description

​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.

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