Click Here to Download: https://ouo.io/nq2JjY1 Insolvency Timing and Managerial Decision-Making By: Frederik Drescher Publisher: Springer Gabler Print ISBN: 9783658028183, 3658028181 eText ISBN: 9783658028190, 365802819X Copyright year: 2014 Format: PDF Available from $ 89.99 USD SKU 9783658028190 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.
