Leadership

Insolvency Timing and Managerial Decision-Making

by Frederik Drescher | Springer Gabler | eText ISBN 9783658028190

?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....

Buy with confidence

✓ Digital eBook

✓ Dedicated customer support

✓ Refund if we cannot fulfill your order

About this book

?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.