LEADER 03232nam 22005415 450 001 9910298538103321 005 20200920132605.0 010 $a3-658-02819-X 024 7 $a10.1007/978-3-658-02819-0 035 $a(CKB)2670000000429025 035 $a(EBL)1466521 035 $a(OCoLC)862048948 035 $a(SSID)ssj0001004942 035 $a(PQKBManifestationID)11992355 035 $a(PQKBTitleCode)TC0001004942 035 $a(PQKBWorkID)11047300 035 $a(PQKB)10037158 035 $a(MiAaPQ)EBC1466521 035 $a(DE-He213)978-3-658-02819-0 035 $a(PPN)172431239 035 $a(EXLCZ)992670000000429025 100 $a20130924d2014 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInsolvency Timing and Managerial Decision-Making /$fby Frederik Drescher 205 $a1st ed. 2014. 210 1$aWiesbaden :$cSpringer Fachmedien Wiesbaden :$cImprint: Springer Gabler,$d2014. 215 $a1 online resource (205 p.) 225 0 $aResearch 300 $aDescription based upon print version of record. 311 $a3-658-02818-1 320 $aIncludes bibliographical references and index. 327 $aInInsolvency Timing as an Agency Problem -- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing Decision -- Experimental Testing of Interest Alignment Instruments. 330 $aFrederik 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. 606 $aLeadership 606 $aBusiness Strategy/Leadership$3https://scigraph.springernature.com/ontologies/product-market-codes/515010 615 0$aLeadership. 615 14$aBusiness Strategy/Leadership. 676 $a658.1 676 $a658.152 700 $aDrescher$b Frederik$4aut$4http://id.loc.gov/vocabulary/relators/aut$01064018 906 $aBOOK 912 $a9910298538103321 996 $aInsolvency Timing and Managerial Decision-Making$92535908 997 $aUNINA