TY  - BOOK
AU  - Drescher,Frederik
ED  - SpringerLink (Online service)
TI  - Insolvency Timing and Managerial Decision-Making
SN  - 9783658028190
AV  - HD28-70 
U1  - 650 23
PY  - 2014///
CY  - Wiesbaden
PB  - Springer Fachmedien Wiesbaden, Imprint: Springer Gabler
KW  - Economics
KW  - Industrial management
KW  - Economics/Management Science
KW  - Management/Business for Professionals
N1  - InInsolvency Timing as an Agency Problem -- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision -- Experimental Testing of Interest Alignment Instruments
N2  - 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
UR  - http://dx.doi.org/10.1007/978-3-658-02819-0
ER  -