On the Edge of Time
Here there be dragons. On the edge of time, in the wicked twists of wyrmhole space, wyrmdragons pre
Insolvency Timing and Managerial Decision-Making
Uncategorized Frederik Drescher (auth.) 24 14th Mar, 2023
pdf 6.34 MB
Overview
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.
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