Insolvency timing and managerial decision-making

Autor*innen

• Frederik Drescher

Parameter

• Lehrbücher
• Universitätslehrbücher

Mehr zum Buch

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.

• Sprache: Englisch
• Erscheinungsdatum: 2013