商品簡介
?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.
作者簡介
Frederik Drescher holds a degree in Business Administration from WHU Otto Beisheim School of Management and wrote his PhD thesis at the Technical University of Munich. He is a consultant with special focus on corporate restructuring.
