Insolvency administrator’s incentives and the tradeoff between creditor satisfaction and efficiency in bankruptcy procedures
Abstract An insolvency administrator replaces the manager of an insolvent firm to devise and organize a liquidation or reorganization plan in the creditors’ interest. In the course of the process, the insolvency administrator presents the most favourable option from his perspective, and the creditor...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer
2017-06-01
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| Series: | Business Research |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1007/s40685-017-0047-x |