Stefan Mayr untersucht die außergerichtliche Sanierung aus einer betriebswirtschaftlichen Sicht und legt neben einer umfassenden Darstellung des State of the Art der Forschung methodische Grundlagen dar und präsentiert empirische Befunde. Als zentrales Ergebnis stellt er fest, dass für den...

Insolvenz und Fortführung -- Insolvenzrecht und Insolvenzrechnungslegung -- Die Fortführungsprämisse in der Insolvenzrechnungslegung -- Eine heuristische Lösung des Zeitpunktproblems -- Die Zusammenfassung der Ergebnisse.

When many people think about bankruptcy, they have a simple left-to-right spectrum of possibilities in mind. The spectrum starts with personal bankruptcy, moves next to corporations and other businesses, and then to municipalities, states, and finally countries. We assume that bankruptcy makes...

Do-Not-Track is a developing online legal and technological standard that permits consumers to express their desire not to be tracked by online advertisers. Do-Not-Track has the ability to change the relationship between consumers and advertisers in the information market. Everything will depend...

Imagine we could create a bankruptcy procedure from scratch. Which aspects would be different, and which inevitable? This question has spurred academic debate and policy reform, but no system of bankruptcy law has been re-made from scratch. Less noticeably, market players have been experimenting...

Contrary to common perceptions, most Australian businesses survive for a considerable time. For example, around two thirds of businesses are still operating after five years and almost half are still operating after ten years. Around 7.5 percent of businesses exit each year cessations account...

This article describes the dual objectives of bankruptcy: the financial rehabilitation of debtors and the satisfaction, to the greatest extent possible, of creditors' claims. The first objective promotes the "fresh start" notion, by holding some of debtors’ assets outside the reach of...

The ability to learn from experience is central to an organization’s performance. A set of qualitative management studies argues that learning from failure is the exception rather than the rule. Another literature, using econometric methods, finds strongly statistically - and economically -...

Some commentators suggest that mandatory personal liability of professionals for liabilities of their firms is appropriate in light of professionals' role in Enron and other recent frauds. This liability can, indeed, help ensure that professional firms deliver on their obligations to monitor...

In a globalised world, complicated and diverse interdependencies determine the everyday life of intra- and internationally operating companies. If a company enters a crisis, the clarification of legal issues involving reorganization, restructuring and insolvency advisors is often very complex...