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Insolvency Timing and Managerial Decision-Making

Insolvency Timing and Managerial Decision-Making

Frederik Drescher

66,79 €
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Editorial:
Springer Nature B.V.
Año de edición:
2013
Materia
Gestión y técnicas de gestión
ISBN:
9783658028183
66,79 €
IVA incluido
Disponible

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Sobre IBD

​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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