Insolvency Timing and Managerial Decision-Making
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.
| Autor: | Drescher, Frederik |
|---|---|
| ISBN: | 9783658028183 |
| Sprache: | Englisch |
| Seitenzahl: | 191 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | Springer Fachmedien Wiesbaden GmbH |
| Veröffentlicht: | 02.10.2013 |
| Schlagworte: | Experiment Financial Distress Insolvency Proceedings Interest Alignment Instruments Managerial Decision Making |
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