| Description |
xvii, 356 pages : illustrations ; 24 cm |
| Series |
Wiley finance editions |
|
Wiley finance editions.
|
| Contents |
Machine derived contents note: The Legal, Economic, And Investment Dimensions Of Corporate Bankruptcy And Distressed Restructurings. -- Corporate Distress: Introduction and Statistical Background. -- Evolution of the Bankruptcy Process. -- Evaluating the Chapter 11 Bankruptcy-Reorganization Process. -- Emerging Trends in Bankruptcy Reorganization. -- Risks and Returns in the High-Yield ̀̀Junk'' Bond Market. -- Firm Valuation and Corporate Leveraged Restructuring. -- Investing in Distressed Securities. -- Techniques For The Classification And Prediction Of Financial Distress And Their Applications. -- Classifying and Predicting Corporate Distress: The Z -- -Score Models. -- ZETA Analysis and Other Attempts to Classify and Predict Business Failures. -- Application of Distress Prediction Models and Mortality Concepts in Banking. -- Distress Prediction Models: Catalysts for Constructive Change--Managing a Financial Turnaround. -- Distress Classification Models for Non-U.S. -- Countries (A Bibliography). -- Understanding The Bankruptcy Reorganization Process (Case Studies). -- The Duplan Corporation Case. -- Wheeling Pittsburgh Steel Corporation. -- References. -- Index |
| Summary |
The number of billion-dollar-plus firms filing for bankruptcy in the 1981 to 1983 recession was seven. Thirty-three filed from 1988 to 1992! Predicting, avoiding, managing, and profiting from corporate distress has never been bigger business. Leading international authority Edward I. Altman's Second Edition of Corporate Financial Distress and Bankruptcy describes a vast range of tools and techniques for anticipating financial crisis...managing turnarounds...and dealing with the complex legal, accounting, and investment consequences of bankruptcy. You'll find updated information on distressed firm investing - a unique, author-developed index that measures defaulted debt price movements and benchmarks market and investor performance; distress assessment - a range of robust and practical statistical models for classifying and assessing the distress potential of firms; credit assessment - a powerful statistical framework for bank loan valuation that establishes criteria for loan or investment loss reserves and even gives pricing guidelines for the commercial loan provider; present value assessment - an innovative technique for deriving the present value of loans that enables banks to keep up with accounting standards that require assets and liabilities to be marked at market or "fair" values; turnaround techniques - how to apply this book's failure prediction models to help corporations return to financial health, including an illustrative case history featuring the GTI Corporation; literature review - throughout the book, the author evaluates the latest scholarly investigations into theoretical, empirical, and normative issues surrounding distressed firms; and international dimension - a bibliography of failure prediction models applied outside the U.S. with a large number of industrialized and even third-world economy examples. If the bankruptcy business is booming - and a record number of defaults in 1991 suggests it surely is - then this new edition of Corporate Financial Distress and Bankruptcy is the best business news for quite some time |
| Analysis |
Business Bankruptcy Investment |
|
Business Bankruptcy Investment |
|
Business Bankruptcy Investment |
| Notes |
Previous ed.: published as Corporate financial distress. 1983 |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Bankruptcy -- United States.
|
| Author |
Altman, Edward I., 1941-
Corporate financial distress
|
| LC no. |
92026897 |
| ISBN |
0471552534 (alk. paper) |
|
