Frederik Drescher

Insolvency Timing and Managerial Decision-Making

• Broschiertes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Springer Fachmedien Wiesbaden / Springer Gabler / Springer, Berlin
• Artikelnr. des Verlages: 978-3-658-02818-3
• 2014
• Seitenzahl: 212
• Erscheinungstermin: 2. Oktober 2013
• Englisch
• Abmessung: 210mm x 148mm x 12mm
• Gewicht: 274g
• ISBN-13: 9783658028183
• ISBN-10: 3658028181
• Artikelnr.: 38106728

Autorenporträt

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.

Inhaltsangabe

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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InInsolvency Timing as an Agency Problem.- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision.- Experimental Testing of Interest Alignment Instruments.