Insolvency Timing and Managerial Decision-Making
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. Using a decision model, the author develops the hypothesis of a tendency towards...
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| Format: | eBook |
| Language: | English |
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Wiesbaden
Springer Fachmedien Wiesbaden
2014, 2014
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| Edition: | 1st ed. 2014 |
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| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
| Summary: | 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. Using a decision model, the author develops the hypothesis of a tendency towards delayed insolvency filings and confirms it experimentally. Moreover, he analyzes different incentive instruments potentially leading to earlier insolvency filings. Contents · Insolvency Timing as an Agency Problem · Financial Distress and Insolvency Timing · Managerial Insolvency Timing Decision · Experimental Testing of Interest Alignment Instruments Target Groups · Researchers and students in the field of business economics with a focus on corporate restructuring and decision theory · Practitioners in corporate restructuring and insolvency professionals, managers and company owners TheAuthor 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 |
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| Physical Description: | XVII, 191 p. 35 illus online resource |
| ISBN: | 9783658028190 |