Insolvency timing and managerial decision-making [electronic resource] / Frederik Drescher ; with a foreword by Professor Dr. Gunther Friedl.

Insolvency timing and managerial decision-making [electronic resource] / Frederik Drescher ; with a foreword by Professor Dr. Gunther Friedl.

9783658028190 electronic book
365802819X electronic book
9783658028183

Wiesbaden : SpringerGabler, [2013?]

©2014

English

1 online resource.

10.1007/978-3-658-02819-0 doi

HG3761

658.152

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.

Ph.D. Technische Universität München, 2013.

Includes bibliographical references.

Access limited to authorized users.

Description based on print version record.

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