Insolvency Timing and Managerial Decision-Making

• Main Author: Drescher, Frederik (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2014.
• Subjects: Business.; Leadership.; Business and Management.; Business Strategy/Leadership.

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...

Table of Contents:

• InInsolvency Timing as an Agency Problem
• Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision
• Experimental Testing of Interest Alignment Instruments.