Insolvency Timing and Managerial Decision-Making
Insolvency Timing and Managerial Decision-Making
Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783658028183
Condition
New
Product Description
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.
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