Description
Insolvency Timing and Managerial Decision-Making, 2014
Author: Drescher Frederik
Language: EnglishSubject for Insolvency Timing and Managerial Decision-Making:
Publication date: 10-2013
191 p. · 14.8x21 cm · Paperback
191 p. · 14.8x21 cm · Paperback
Description
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?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.
InInsolvency Timing as an Agency Problem.- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision.- Experimental Testing of Interest Alignment Instruments.
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.
Publication in the field of economic sciences Includes supplementary material: sn.pub/extras
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