Insolvency Timing and Managerial Decision-Making, Paperback by Drescher, Frederik, ISBN 3658028181, ISBN-13 9783658028183, Brand New, Free shipping in the US ?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.
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Insolvency Timing and Managerial Decision-Making, Paperback by Drescher, Fred…
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