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Insolvency Timing and Managerial Decision-Making
Insolvency Timing and Managerial Decision-Making
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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.
  • Leidėjas:
  • Metai: 2013
  • Puslapiai: 191
  • ISBN-10: 3658028181
  • ISBN-13: 9783658028183
  • Formatas: 14.8 x 21 x 1.2 cm, minkšti viršeliai
  • Kalba: Anglų

Insolvency Timing and Managerial Decision-Making (el. knyga) (skaityta knyga) | knygos.lt

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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.

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  • Autorius: Frederik Drescher
  • Leidėjas:
  • Metai: 2013
  • Puslapiai: 191
  • ISBN-10: 3658028181
  • ISBN-13: 9783658028183
  • Formatas: 14.8 x 21 x 1.2 cm, minkšti viršeliai
  • Kalba: Anglų

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.

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