03232nam 22005415 450 991029853810332120200920132605.03-658-02819-X10.1007/978-3-658-02819-0(CKB)2670000000429025(EBL)1466521(OCoLC)862048948(SSID)ssj0001004942(PQKBManifestationID)11992355(PQKBTitleCode)TC0001004942(PQKBWorkID)11047300(PQKB)10037158(MiAaPQ)EBC1466521(DE-He213)978-3-658-02819-0(PPN)172431239(EXLCZ)99267000000042902520130924d2014 u| 0engur|n|---|||||txtccrInsolvency Timing and Managerial Decision-Making /by Frederik Drescher1st ed. 2014.Wiesbaden :Springer Fachmedien Wiesbaden :Imprint: Springer Gabler,2014.1 online resource (205 p.)ResearchDescription based upon print version of record.3-658-02818-1 Includes bibliographical references and index.InInsolvency Timing as an Agency Problem -- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision -- Experimental Testing of Interest Alignment Instruments.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.LeadershipBusiness Strategy/Leadershiphttps://scigraph.springernature.com/ontologies/product-market-codes/515010Leadership.Business Strategy/Leadership.658.1658.152Drescher Frederikauthttp://id.loc.gov/vocabulary/relators/aut1064018BOOK9910298538103321Insolvency Timing and Managerial Decision-Making2535908UNINA