Drescher, Frederik - 2014
InInsolvency Timing as an Agency Problem -- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing …Frederik Drescher addresses the timing of non-mandatory insolvency filings based on threatening illiquidity (§ 18 InsO … author develops the hypothesis of a tendency towards delayed insolvency filings and confirms it experimentally. Moreover, he …