Insolvency timing and managerial decision-making [electronic resource] / Frederik Drescher ; with a foreword by Professor Dr. Gunther Friedl.
2013
HG3761
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Title
Insolvency timing and managerial decision-making [electronic resource] / Frederik Drescher ; with a foreword by Professor Dr. Gunther Friedl.
Author
ISBN
9783658028190 electronic book
365802819X electronic book
9783658028183
365802819X electronic book
9783658028183
Published
Wiesbaden : SpringerGabler, [2013?]
Copyright
©2014
Language
English
Description
1 online resource.
Item Number
10.1007/978-3-658-02819-0 doi
Call Number
HG3761
Dewey Decimal Classification
658.152
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.
Dissertation Note
Ph.D. Technische Universität München, 2013.
Bibliography, etc. Note
Includes bibliographical references.
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Access limited to authorized users.
Source of Description
Description based on print version record.
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Table of Contents
Insolvency Timing as an Agency Problem
Financial Distress and Insolvency Timing
Managerial Insolvency Timing Decision
Interest alignment instrumetns of shareholers
Experimental testing of interest alignment instruments.
Financial Distress and Insolvency Timing
Managerial Insolvency Timing Decision
Interest alignment instrumetns of shareholers
Experimental testing of interest alignment instruments.