Insolvency Timing and Managerial Decision-Making
An Experimental Study of Alignment of Managerial Decision-Making on Insolvency Timing with Shareholder Interests in Germany
1. Auflage
Erschienen am 2. Oktober 2013
Buch
Softcover
XVII, 191 Seiten
978-3-658-02818-3 (ISBN)
Beschreibung
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.
Weitere Details
Auflage
2014
Sprache
Englisch
Verlagsort
Wiesbaden
Deutschland
Verlagsgruppe
Springer Fachmedien Wiesbaden GmbH
Zielgruppe
Für Beruf und Forschung
Research
Illustrationen
35 s/w Abbildungen
XVII, 191 p. 35 illus.
Maße
Höhe: 210 mm
Breite: 148 mm
Dicke: 12 mm
Gewicht
281 gr
ISBN-13
978-3-658-02818-3 (9783658028183)
DOI
10.1007/978-3-658-02819-0
Schweitzer Klassifikation
Weitere Ausgaben
Andere Ausgaben
Frederik Drescher
Insolvency Timing and Managerial Decision-Making
E-Book
09/2013
1. Auflage
Springer Gabler
53,49 €
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Person
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.
Inhalt
InInsolvency Timing as an Agency Problem.- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision.- Experimental Testing of Interest Alignment Instruments.