Drukarczyk, Jochen; Schöntag, Stefanie - Wirtschaftswissenschaftliche Fakultät, Universität … - 2006
on the structure of the legal framework. In this paper we analyze the influence of German insolvency law and tax regime … German insolvency plan procedure. We compare these results with those of options models proposed e.g. by Bebchuk or Aghion …/Hart/Moore. Finally, we introduce a 3-period example and show how insolvency procedure influences going concern value and the division of …