Insolvency Timing and Managerial Decision-Making

Authors: Drescher, Frederik

  • ​Publication in the field of economic sciences

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eBook $59.99
price for USA (gross)
  • ISBN 978-3-658-02819-0
  • Digitally watermarked, DRM-free
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  • Immediate eBook download after purchase
Softcover $79.99
price for USA
  • ISBN 978-3-658-02818-3
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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.

About the authors

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.

Table of contents (7 chapters)

  • Introduction

    Drescher, Frederik

    Pages 1-7

  • Insolvency Timing as an Agency Problem

    Drescher, Frederik

    Pages 9-22

  • Financial Distress and Insolvency Timing

    Drescher, Frederik

    Pages 23-52

  • Managerial Insolvency Timing Decision

    Drescher, Frederik

    Pages 53-92

  • Interest Alignment Instruments of Shareholders

    Drescher, Frederik

    Pages 93-106

Buy this book

eBook $59.99
price for USA (gross)
  • ISBN 978-3-658-02819-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.99
price for USA
  • ISBN 978-3-658-02818-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Insolvency Timing and Managerial Decision-Making
Authors
Copyright
2014
Publisher
Gabler Verlag
Copyright Holder
Springer Fachmedien Wiesbaden
eBook ISBN
978-3-658-02819-0
DOI
10.1007/978-3-658-02819-0
Softcover ISBN
978-3-658-02818-3
Edition Number
1
Number of Pages
XVII, 191
Number of Illustrations and Tables
35 b/w illustrations
Topics