Logo - springer
Slogan - springer

Springer Gabler - Management | Insolvency Timing and Managerial Decision-Making

Insolvency Timing and Managerial Decision-Making

Drescher, Frederik

2014, XVII, 191 p. 35 illus.

Available Formats:
eBook
Information

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.

 
$59.99

(net) price for USA

ISBN 978-3-658-02819-0

digitally watermarked, no DRM

Included Format: PDF

download immediately after purchase


learn more about Springer eBooks

add to marked items

Softcover
Information

Softcover (also known as softback) version.

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$79.99

(net) price for USA

ISBN 978-3-658-02818-3

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

  • ​Publication in the field of economic sciences

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 Universität München under the supervision of Prof. Dr. Gunther Friedl. He is a consultant with a special focus on corporate restructuring.

Content Level » Research

Keywords » Experiment - Financial Distress - Insolvency Proceedings - Interest Alignment Instruments - Managerial Decision Making

Related subjects » Management

Table of contents / Sample pages 

Popular Content within this publication 

 

Articles

Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of Management/Business for Professionals.