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Insolvency Timing and Managerial Decision-Making, Paperback / softback Book

Insolvency Timing and Managerial Decision-Making Paperback / softback


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.


  • Format: Paperback / softback
  • Pages: 191 pages, 35 Illustrations, black and white; XVII, 191 p. 35 illus.
  • Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
  • Publication Date:
  • Category: Business strategy
  • ISBN: 9783658028183

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