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(Ebook) Insolvency Timing and Managerial Decision-Making by Frederik Drescher (auth.) ISBN 9783658028183, 9783658028190, 3658028181, 365802819X

  • SKU: EBN-4345318
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Authors:Frederik Drescher (auth.)
Pages:191 pages.
Year:2014
Editon:1
Publisher:Gabler Verlag
Language:english
File Size:6.34 MB
Format:pdf
ISBNS:9783658028183, 9783658028190, 3658028181, 365802819X
Categories: Ebooks

Product desciption

(Ebook) Insolvency Timing and Managerial Decision-Making by Frederik Drescher (auth.) ISBN 9783658028183, 9783658028190, 3658028181, 365802819X

​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.
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