Frederik Drescher

Insolvency Timing and Managerial Decision-Making (eBook, PDF)

• Format: PDF

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. 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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Produktdetails

• Verlag: Springer Fachmedien Wiesbaden
• Seitenzahl: 191
• Erscheinungstermin: 25. September 2013
• Englisch
• ISBN-13: 9783658028190
• Artikelnr.: 43856317

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.