Insolvency Timing and Managerial Decision-Making

Drescher, Frederik

​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.

Details

Published by: Springer Gabler

Publication Date: 2013-10-02

Format: Paperback

ISBN-13: 9783658028183

DOI: 10.1007/978-3-658-02819-0

Dimensions: 210cm x148cm

Pages: 191