Drescher, Frederik.
Insolvency Timing and Managerial Decision-Making [electronic resource] / by Frederik Drescher. - XVII, 191 p. 35 illus. online resource.
InInsolvency Timing as an Agency Problem -- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision -- Experimental Testing of Interest Alignment Instruments.
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. Contents � Insolvency Timing as an Agency Problem � Financial Distress and Insolvency Timing � Managerial Insolvency Timing Decision � Experimental Testing of Interest Alignment Instruments 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 Universit�at M�unchen under the supervision of Prof. Dr. Gunther Friedl. He is a consultant with a special focus on corporate restructuring.
9783658028190
10.1007/978-3-658-02819-0 doi
Business.
Leadership.
Business and Management.
Business Strategy/Leadership.
HD28-70
658.4092
Insolvency Timing and Managerial Decision-Making [electronic resource] / by Frederik Drescher. - XVII, 191 p. 35 illus. online resource.
InInsolvency Timing as an Agency Problem -- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision -- Experimental Testing of Interest Alignment Instruments.
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. Contents � Insolvency Timing as an Agency Problem � Financial Distress and Insolvency Timing � Managerial Insolvency Timing Decision � Experimental Testing of Interest Alignment Instruments 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 Universit�at M�unchen under the supervision of Prof. Dr. Gunther Friedl. He is a consultant with a special focus on corporate restructuring.
9783658028190
10.1007/978-3-658-02819-0 doi
Business.
Leadership.
Business and Management.
Business Strategy/Leadership.
HD28-70
658.4092