This is the authoritative collection of the writings of Dr. Edward I. Altman, the world's leading authority on bankruptcy, corporate distress, and defaults, and creator of the widely-used Z-Score model. This book contains both classic and never-before-published articles, along with Altman's comprehensive introduction that places all the articles in context.
This is the authoritative collection of the writings of Dr. Edward I. Altman, the world's leading authority on bankruptcy, corporate distress, and def...
Originally printed in 1987, this book examines the rise and operation of the high-yield debt market typified by the junk bond. It discusses expected yields, realized returns, default, market growth, credit quality, mergers and acquisitions, investment strategies, and related topics. Altman teaches f
Originally printed in 1987, this book examines the rise and operation of the high-yield debt market typified by the junk bond. It discusses expected y...
In today's vulnerable and volatile business climate, corporate bankruptcy and Chapter 11 reorganization is a common occurrence at U.S. corporations of all sizes, in all sectors. As a result, the market for distressed firms' debt and equity securities continues to capture the interest and imagination of the investment community. "Bankruptcy & Distressed Restructurings: Analytical Issues and Investment Opportunities" compiles the insights of more than 30 experts from both the practitioner and academic communities on a multitude of subjects including bankruptcy and liquidation costs, the...
In today's vulnerable and volatile business climate, corporate bankruptcy and Chapter 11 reorganization is a common occurrence at U.S. corporations of...
"Junk bonds"--high-yield, noninvestment-grade debt--may be emotionally laden but they are nonetheless an established financing vehicle in the United States and increasingly in Europe, of interest to issuing firms, investors, underwriters, traders, regulators, and the media. In "The High-Yield Debt Market: Investment Performance and Economic Impact," Edward Altman brings together investment bankers, congressmen, and scholars to debate the impact of and the prospects for the high-yield debt market. The volume includes the opinions of Fred Joseph, Michael Jensen, Marshall Blume, and Congressman...
"Junk bonds"--high-yield, noninvestment-grade debt--may be emotionally laden but they are nonetheless an established financing vehicle in the United S...
In today's volatile business climate, with increasing numbers of bond defaults and Chapter 11 bankruptcy filings, the market for distressed companies' debt and equity securities continues to capture the interest and imagination of the investment, legal, banking and advisory communities. The profit-making potential of securities selling at discount prices makes distressed securities very attractive to the educated and aggressive investor. In "Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk," author Edward Altman provides a definitive guide to this market,...
In today's volatile business climate, with increasing numbers of bond defaults and Chapter 11 bankruptcy filings, the market for distressed companies'...
Insurance companies, as well as banks and thrift institutions, have traditionally reported assets and liabilities on the basis of their amortized cost, or book value. But following the turmoil in securities markets due to highly volatile interest rate fluctuations in the 1980s and the early 1990s, and problems caused by inadequate liquidity, in the mid-1990s the Financial Accounting Standards Board (FASB) issued a new ruling calling for financial intermediaries to report the fair, or market, value of most assets. Called FAS 115, this new standard is the first step in the eventual change to...
Insurance companies, as well as banks and thrift institutions, have traditionally reported assets and liabilities on the basis of their amortized cost...
