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<p>​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 develop

Written primarily for students taking?courses in managerial economics?in Britain and Europe,?<i>The Business Economics and Managerial Decision Making </i> analyses the growth and development of privately owned firms and also the decisions made by firms operating in both private and public sector ent

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