Altman / Hotchkiss Corporate Financial Distress and Bankruptcy

Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt
3. Auflage 2010
ISBN: 978-1-118-04604-3
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 368 Seiten, E-Book

Reihe: Wiley Finance Editions

A comprehensive look at the enormous growth and evolution ofdistressed debt, corporate bankruptcy, and credit risk default
This Third Edition of the most authoritative finance bookon the topic updates and expands its discussion of corporatedistress and bankruptcy, as well as the related markets dealingwith high-yield and distressed debt, and offers state-of-the-artanalysis and research on the costs of bankruptcy, credit defaultprediction, the post-emergence period performance of bankruptfirms, and more.

Autoren/Hrsg.

Altman, Edward I.

Hotchkiss, Edith

Inhaltsverzeichnis

Preface.
Acknowledgments.
About the Authors.
PART ONE: The Legal, Economic, and InvestmentDimensions of Corporate Bankruptcy and DistressedRestructurings.
Chapter 1: Corporate Distress: Introduction and StatisticalBackground.
Chapter 2: Evolution of the Bankruptcy Process in the UnitedStates and International Comparisons.
Chapter 3: Post-Chapter 11 Performance.
Chapter 4: The Costs of Bankruptcy.
Chapter 5: Distressed Firm Valuation.
Chapter 6: Firm Valuation and Corporate LeveragedRestructuring.
Chapter 7: The High Yield Bond Market: Risks and Returns forInvestors and Analysts.
Chapter 8: Investing in Distressed Securities.
Chapter 9: Risk-Return Performance of Defaulted Bonds and BankLoans.
Chapter 10: Corporate Governance in Distressed Firms.
PART TWO: Techniques for the Classification andPrediction of Corporate Financial Distress and TheirApplications.
Chapter 11: Corporate Credit Scoring-Insolvency RiskModels.
Chapter 12: An Emerging Market Credit Scoring System forCorporates.
Chapter 13: Application of Distress Prediction Models.
Chapter 14: Distress Prediction Models: Catalysts forConstructive Change--Managing a Financial Turnaround.
Chapter 15: Estimating Recovery Rates on Defaulted Debt.
References.
Author Index.
Subject Index.

Über Autor(innen)

EDWARD I. ALTMAN, PhD, MBA, is the Max L. Heine Professor ofFinance at the Stern School of Business, New York University. Since1990, he has directed the research effort in fixed income andcredit markets at the NYU Salomon Center. Previously, Altmanchaired the Stern School's MBA program for twelve years. He wasinducted into the Fixed Income Analyst Society's Hall of Fame in2001 and is an advisor to many financial, consulting, andgovernmental institutions. Dr. Altman is the Chairman of theAcademic Advisory Council of the Turnaround Management Associationand a member of its Board of Directors.
EDITH HOTCHKISS, PhD, is Associate Professor of Financeat Boston College. Her research has been published in theJournal of Finance, the Journal of Corporate Finance,the Journal of Financial Economics, the Review ofFinancial Studies, and the Journal of FinancialIntermediation. She has served as an advisor in several recentChapter 11 cases and is a member of the Board of Directors of theTurnaround Management Association.