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Insolvency Timing and Managerial Decision Making Book PDF Summary

​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.

Detail Book of Insolvency Timing and Managerial Decision Making PDF

Insolvency Timing and Managerial Decision Making
  • Author : Frederik Drescher
  • Release : 25 September 2013
  • Publisher : Springer Science & Business Media
  • ISBN : 9783658028190
  • Genre : Business & Economics
  • Total Page : 205 pages
  • Language : English
  • PDF File Size : 11,5 Mb

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