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More About This Title Corporate Financial Distress, Restructuring, andBankruptcy - Analyze Leveraged Finance, Distressed Debt, and Bankruptcy, Fourth Edition
English
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.
English
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.
English
About the Authors
Acknowledgments
Preface
Part I: The Economic and Legal Framework of Corporate Restructuring and Bankruptcy
Chapter 1: Corporate Financial Distress: Introduction and Statistical Background
Chapter 2: An Introduction to Leveraged Finance
Chapter 3: An Overview of the U.S. Bankruptcy Process
Chapter 4: Restructuring Out-Of-Court and the Cost of Financial Distress
Chapter 5: Distressed Firm Valuation
Chapter 6: Corporate Governance in Distressed Firms
Chapter 7: Bankruptcy Outcomes
Chapter 8: International Evidence
Part II: High Yield Debt, Prediction of Corporate Distress, and Distress Investing
Chapter 9: The High Yield Bond Market: Risks and Returns for Investors and Analysts
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
Chapter 11: Applications of Distress Prediction Models: By External Analysts
Chapter 12: Distress Prediction Models: Catalysts for Constructive Change – Managing a Financial Turnaround
Chapter 13: A Bottom-Up Approach to Assessing Sovereign Default Risk
Chapter 14: Anatomy of the Distressed Debt Markets
Chapter 15: Investing in Distressed Firm Securities
Chapter 16: Modeling and Estimating Recovery Rates
Index
