Cart
Free Shipping in Australia
Proud to be B-Corp

Corporate Financial Distress, Restructuring, and Bankruptcy Edward I. Altman (New York University)

Corporate Financial Distress, Restructuring, and Bankruptcy By Edward I. Altman (New York University)

Corporate Financial Distress, Restructuring, and Bankruptcy by Edward I. Altman (New York University)


144,79 $
Condition - New
Only 2 left

Corporate Financial Distress, Restructuring, and Bankruptcy Summary

Corporate Financial Distress, Restructuring, and Bankruptcy: Analyze Leveraged Finance, Distressed Debt, and Bankruptcy by Edward I. Altman (New York University)

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

This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.

About Edward I. Altman (New York University)

EDWARD I. ALTMAN is the Max L. Heine Professor of Finance, Emeritus at New York University, Stern School of Business and Director of the Credit and Fixed Income Research Program at the NYU Salomon Center.

EDITH HOTCHKISS is a Professor of Finance at the Carroll School of Management at Boston College.

WEI WANG is an Associate Professor and RBC Fellow of Finance, and Director of Master of Finance Beijing program at the Smith School of Business at Queen's University, Canada.

Table of Contents

About the Authors ix

Acknowledgments xi

Preface xiii

Part One The Economic and Legal Framework of Corporate Restructuring and Bankruptcy

Chapter 1 Corporate Financial Distress: Introduction and Statistical Background 3

Chapter 2 An Introduction to Leveraged Finance 21

Chapter 3 An Overview of the U.S. Bankruptcy Process 39

Chapter 4 Restructuring Out-of-Court and the Cost of Financial Distress 71

Chapter 5 Valuation of Distressed Firms 91

Chapter 6 Corporate Governance in Distressed Firms 117

Chapter 7 Bankruptcy Outcomes 135

Chapter 8 International Evidence 147

Part Two High-Yield Debt, Prediction of Corporate Distress, and Distress Investing

Chapter 9 The High-Yield Bond Market: Risks and Returns for Investors and Analysts 165

Chapter 10 A 50-Year Retrospective on Credit Risk Models, the Altman Z-Score Family of Models, and Their Applications to Financial Markets and Managerial Strategies 189

Chapter 11 Applications of Distress Prediction Models: By External Analysts 217

Chapter 12 Distress Prediction Models: Catalysts for Constructive Change-Managing a Financial Turnaround 235

Chapter 13 A Bottom-Up Approach to Assessing Sovereign Default Risk 245

Chapter 14 The Anatomy of Distressed Debt Markets 265

Chapter 15 Investing in Distressed Firm Securities 277

Chapter 16 Modeling and Estimating Recovery Rates 295

References 315

Author Index 335

Subject Index 343

Additional information

NGR9781119481805
9781119481805
1119481805
Corporate Financial Distress, Restructuring, and Bankruptcy: Analyze Leveraged Finance, Distressed Debt, and Bankruptcy by Edward I. Altman (New York University)
New
Hardback
John Wiley & Sons Inc
2019-04-30
368
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Corporate Financial Distress, Restructuring, and Bankruptcy