Insolvency Timing and Managerial Decision-Making
1. Auflage
Erschienen am 25. September 2013
XVII, 191 Seiten
978-3-658-02819-0 (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
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Andere Ausgaben
Frederik Drescher
Insolvency Timing and Managerial Decision-Making
An Experimental Study of Alignment of Managerial Decision-Making on Insolvency Timing with Shareholder Interests in Germany
Buch
10/2013
1. Auflage
Springer Gabler
53,49 €
Versand in 10-15 Tagen
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.
