【2014】Insolvency Timing and Managerial Decision-Making

Book 图书名称：Insolvency Timing and Managerial Decision-Making
Author 作者：Frederik Drescher
Publisher 出版社：Springer Fachmedien Wiesbaden
Page 页数：191
Publishing Date 出版时间：Oct 2013
Language 语言：English
Size 大小：6.5 MB
Format 格式：pdf 文字版
ISBN: 978-3-658-02818-3, 978-3-658-02819-0
Edition: 第1版搜索过论坛，没有该文档


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. Using a decision model, the author develops the hypothesis of a tendency towards delayed insolvency filings and confirms it experimentally. Moreover, he analyzes different incentive instruments potentially leading to earlier insolvency filings.

Target Groups
· Researchers and students in the field of business economics with a focus on corporate restructuring and decision theory
· Practitioners in corporate restructuring and insolvency professionals, managers and company owners

The Author
Frederik Drescher holds a degree in Business Administration from WHU Otto Beisheim School of Management and wrote his doctoral thesis at Technische Universität München under the supervision of Prof. Dr. Gunther Friedl. He is a consultant with a special focus on corporate restructuring.

== Table of contents ==
Content:
Front Matter....Pages I-XVII
Introduction....Pages 1-7
Insolvency Timing as an Agency Problem....Pages 9-22
Financial Distress and Insolvency Timing....Pages 23-52
Managerial Insolvency Timing Decision....Pages 53-92
Interest Alignment Instruments of Shareholders....Pages 93-106
Experimental Testing of Interest Alignment Instruments....Pages 107-146
Conclusion....Pages 147-150
Back Matter....Pages 151-191


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