Corporate financial distress and bankruptcy : predict and avoid bankruptcy, analyze and invest in distressed debt / Edward I. Altman, Edith Hotchkiss.

Format:

Book

Author/Creator:

Altman, Edward I., 1941-

Contributor:

Hotchkiss, Edith, 1961-

Wiley InterScience (Online service)

Mark and Aimee Rosenbaum Library Fund.

Language:

English

Subjects (All):

Bankruptcy--United States.

Bankruptcy.

United States.

Physical Description:

1 online resource (xiv, 354 pages) : illustrations

Edition:

Third edition.

Place of Publication:

Hoboken, N.J. : Wiley, [2006]

System Details:

text file

Summary:

A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default

This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt, and offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, the post-emergence period performance of bankrupt firms, and more.

Edward I. Altman (New York, NY) is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. He received his MBA and PhD in finance from the University of California, Los Angeles. Edith Hotchkiss (Chester Hill, MA) is Associate Professor of Finance at Boston College. She received her PhD from the Stern School of Business and her BA from Dartmouth College.

Contents:

Corporate bankruptcy and distress : introduction and statistical background

Evolution of the bankruptcy process in the US and international comparisons

Post-chapter 11 performance

The costs of bankruptcy

Distressed firm valuation

Firm valuation and corporate leveraged restructuring

The high yield bond market : risks and returns for investors and analysts

Investing in distressed securities

Risk-return performance of defaulted bonds and bank loans

Corporate governance in distressed firms

Techniques for the classification and prediction of corporate financial distress and their applications

Corporate credit scoring-insolvency risk models

An emerging market credit scoring system for corporates

Application of distress prediction models

Distress prediction models : catalysts for constructive change : managing a financial turnaround

Estimating recovery rates on defaulted debt.

Notes:

Includes bibliographical references (pages 331-346) and indexes.

Electronic reproduction. Hoboken, N.J. Available via World Wide Web.

Description based on print version record.

Local Notes:

Acquired for the Penn Libraries with assistance from the Mark and Aimee Rosenbaum Library Fund.

ISBN:

9781118267806

111826780X

Publisher Number:

99966301220

Access Restriction:

Restricted for use by site license.