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131001 ||| eng |
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|a 9783658028190
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|a Drescher, Frederik
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|a Insolvency Timing and Managerial Decision-Making
|h Elektronische Ressource
|c by Frederik Drescher
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|a 1st ed. 2014
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|a Wiesbaden
|b Springer Fachmedien Wiesbaden
|c 2014, 2014
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|a XVII, 191 p. 35 illus
|b online resource
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|a InInsolvency Timing as an Agency Problem -- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision -- Experimental Testing of Interest Alignment Instruments
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|a Leadership
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|a Strategic planning
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|a Business Strategy and Leadership
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|a eng
|2 ISO 639-2
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|b Springer
|a Springer eBooks 2005-
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|a 10.1007/978-3-658-02819-0
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|u https://doi.org/10.1007/978-3-658-02819-0?nosfx=y
|x Verlag
|3 Volltext
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|a 658.4012
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|a 658.4092
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|a 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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