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Insolvency Timing and Managerial Decision-Making
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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.
- Författare
- Frederik Drescher
- ISBN
- 9783658028190
- Språk
- Engelska
- Utgivningsdatum
- 2013-09-25
- Tillgängliga elektroniska format
- PDF - Adobe DRM
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