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Insolvency Timing and Managerial Decision-Making

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  • © 2014

Overview

  • Publication in the field of economic sciences
  • Includes supplementary material: sn.pub/extras
  • 4880 Accesses

  • 2 Citations

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About this book

​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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Table of contents (7 chapters)

Authors and Affiliations

  • TU München, München, Germany

    Frederik Drescher

About 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.

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Bibliographic Information

  • Book Title: Insolvency Timing and Managerial Decision-Making

  • Authors: Frederik Drescher

  • DOI: https://doi.org/10.1007/978-3-658-02819-0

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Economics, Business and Management (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden 2014

  • Softcover ISBN: 978-3-658-02818-3Published: 02 October 2013

  • eBook ISBN: 978-3-658-02819-0Published: 25 September 2013

  • Edition Number: 1

  • Number of Pages: XVII, 191

  • Number of Illustrations: 35 b/w illustrations

  • Topics: Business Strategy/Leadership

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