Insolvency Timing and Managerial Decision-Making

Name: Insolvency Timing and Managerial Decision-Making
Author: Frederik Drescher

Specificaties

Paperback, 191 blz. | Engels

Springer Fachmedien Wiesbaden | 2014e druk, 2013

ISBN13: 9783658028183

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Springer Fachmedien Wiesbaden 2014e druk, 2013 9783658028183

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Samenvatting

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.

Specificaties

ISBN13:9783658028183

Taal:Engels

Bindwijze:paperback

Aantal pagina's:191

Uitgever:Springer Fachmedien Wiesbaden

Druk:2014

Hoofdrubriek:Strategisch management, Algemeen management

Inhoudsopgave

InInsolvency Timing as an Agency Problem.- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision.- Experimental Testing of Interest Alignment Instruments.