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Insolvency Timing and Managerial Decision-Making

  • Book
  • © 2014

Overview

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

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Table of contents (7 chapters)

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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.

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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