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[E681.Ebook] Free Ebook Corporate Financial Distress and Bankruptcy: A Complete Guide to Predicting & Avoiding Distress and Profiting from Bankruptcy (Wiley Financ

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Corporate Financial Distress and Bankruptcy: A Complete Guide to Predicting & Avoiding Distress and Profiting from Bankruptcy (Wiley Financ



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Corporate Financial Distress and Bankruptcy: A Complete Guide to Predicting & Avoiding Distress and Profiting from Bankruptcy (Wiley Financ

Predict, Avoid, Manage—and Even Profit From—Bankruptcy With this new Second Edition of the first definitive guide This new edition of the premier business failure, insolvency, default, and bankruptcy guide provides financial professionals of every stripe with a master reference to the latest banking, credit, investment, legal, financial, and management thought and practice. To help readers combat corporate distress in the ’90s and beyond, distinguished author Edward I. Altman includes coverage of…

  • Unique statistical tools—author-developed techniques for assessing firms’ distress potential, measuring debt price movements, benchmarking debt investor and market performance, establishing the present value of loans, and so much more.
  • Junk bonds—Altman revisits this market to provide an in-depth analysis of the role and risk-return trade-offs of this controversial source of finance
  • Emerging trends—complete explorations of debtor-in-possession lending, prepackaged bankruptcy, and the epidemic of fraudulent conveyance suits resulting from ill-conceived restructurings
  • An evaluation of the Chapter 11 process, now under public scrutiny and criticism
  • Bankruptcy reorganization case histories—real-world data to help readers carry out debtor valuation analyses and restructurings, featuring Duplan Corporation and Wheeling Pittsburgh Steel Corporation
With this wealth of authoritative information and practical guidelines, bankruptcy creditors, debtors, investors, and third party professionals will have everything they need to predict, avoid, manage, and profit from corporate distress. "Corporate Financial Distress and Bankruptcy is an excellent analysis of an increasingly important topic. Professor Altman is the premier scholar in this area, and this book is a fitting reflection of that scholarship." —Ben Branch, Trustee Bank of New England Corporation Professor of Finance, University of Massachusetts "Corporate Financial Distress and Bankruptcy is an indispensable resource for all who are interested in bankruptcy. Ed Altman has collected, in a single volume, the history, legislative facts, statistics and analytic methods that I search for time and time again. This book is outstandingly comprehensive and up-to-date." —Martin S. Fridson, Managing Director Securities Research and Economics, High Yield Research Group Merrill Lynch

  • Sales Rank: #987891 in Books
  • Published on: 1993-03-08
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.35" h x 1.21" w x 6.34" l, .0 pounds
  • Binding: Hardcover
  • 384 pages

From the Publisher
Updated and revised to reflect the changing atmosphere in corporate America, this edition offers a comprehensive treatment regarding a variety of topics on the distressed firm. Contains new models which analyze corporations and techniques to assess financial options. Features a new chapter on the junk bonds markets. Current case studies have been added to the bankruptcy chapters, allowing readers to work through typical analysis of corporate financial position and plan future strategies.

From the Inside Flap
Olympia & York and Maxwell Communications…Executive Life Insurance and Mutual Benefit Life…Campeau and Macy’s…Continental Airlines and TWA. 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 bench-marks 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
  • 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.

About the Author
About the author EDWARD I. ALTMAN is a world-recognized expert on corporate bankruptcy and credit analysis. He served as an advisor to the U.S. Commission on Revision of the Bankruptcy Act and his books Corporate Bankruptcy in America and Corporate Financial Distress are considered landmarks in the field. Dr. Altman is Max L. Heine Professor of Finance at New York University’s Leonard N. Stern School of Business. He has edited John Wiley & Sons’ Professional Banking and Finance Series, Handbook of Corporate Finance, Financial Handbook, and Handbook of Financial Markets and Institutions, and is the coauthor of Investing in Junk Bonds (with Scott A. Nammacher).

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[E681.Ebook] Free Ebook Corporate Financial Distress and Bankruptcy: A Complete Guide to Predicting & Avoiding Distress and Profiting from Bankruptcy (Wiley Financ Doc
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