Corporate financial distress and bankruptcy
Subtitle: predict and avoid bankruptcy, analyze and invest in distressed debt
By: Edward I. Altman, Edith Hotchkiss.
Contributors: Hotchkiss, Edith, 1961-
Edition: 3rd ed.
Series: Wiley finance series
Publisher: Wiley
Published: 2006
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 354
ISBN-13: 9780471691891
Subjects: Bankruptcy -- United States.
Description: "In this newly revised Third Edition of Corporate Financial Distress and Bankruptcy, credit and corporate bankruptcy experts Ed Altman and Edith Hotchkiss update and expand the discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt. In addition to expanded empirical and descriptive aspects of bankruptcy and credit analysis, this Third Edition offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, bankruptcy and distressed restructuring, and the post-emergence period performance of bankrupt firms."--BOOK JACKET.
Notes: Includes bibliographical references and index.
Table of contents: title: Corporate bankruptcy and distress : introduction and statistical background; title: Evolution of the bankruptcy process in the US and international comparisons; title: Post-chapter 11 performance; title: The costs of bankruptcy; title: Distressed firm valuation; title: Firm valuation and corporate leveraged restructuring; title: The high yield bond market : risks and returns for investors and analysts; title: Investing in distressed securities; title: Risk-return performance of defaulted bonds and bank loans; title: Corporate governance in distressed firms; title: Techniques for the classification and prediction of corporate financial distress and their applications; title: Corporate credit scoring-insolvency risk models; title: An emerging market credit scoring system for corporates; title: Application of distress prediction models; title: Distress prediction models : catalysts for constructive change : managing a financial turnaround; title: Estimating recovery rates on defaulted debt.