Insolvency Timing and Managerial Decision-Making

By Frederik Drescher

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. Using a decision model, the author develops the hypothesis of a tendency towards delayed insolvency filings and confirms it experimentally. Moreover, he analyzes different incentive instruments potentially leading to earlier insolvency filings.

• Format: Paperback
• Language: English
• ISBN: 3658028181
• ISBN13: 9783658028183
• Release Date: October 2013
• Publisher: Springer Gabler
• Length: 191 Pages
• Weight: 0.62 lbs.
• Dimensions: 0.5" x 5.8" x 8.3"