Corporate Financial Distress and Bankruptcy: Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt (Wiley Finance) - Hardcover

Altman, Edward I.; Hotchkiss, Edith

Hardcover

ISBN 10: 0471691895 ISBN 13: 9780471691891

Publisher: John Wiley & Sons, 2006

Synopsis

Corporate Financial Distress and Bankruptcy Last published in 1993, Corporate Financial Distress and Bankruptcy is still considered the most authoritative finance book on the subject. Since then, however, the fields of corporate distress and bankruptcy, as well as the related markets dealing with high yield and distressed debt, have undergone enormous growth and popularity.

About this title

From the Back Cover:

Praise for Corporate Financial Distress and Bankruptcy
THIRD EDITION

"The masters return! The new edition of this definitive treatment of the markets for distressed and bankrupt debt reflects the dramatic recent changes in the market, including the implications of the amazing episode of defaults that occurred in 2001-2002. The authors continue to provide depth and breadth of coverage, including in-depth analyses of default prediction and recovery in default. The book will be particularly valuable for MBA students and professional investors."
--Darrell Duffie, James I. Miller Professor of Finance, Graduate School of Business, Stanford University

"After thirty years of distressed securities investing, I was pleasantly surprised that I learned something new from every chapter of this book. It should be required reading for everyone from students to the most experienced practitioner."
--Wilbur L. Ross, Chairman, WL Ross & Co. LLC

"A must-read for business students and professionals involved with corporate bonds or loans. Altman and Hotchkiss do an excellent job of covering a broad range of aspects of corporate distress. The information is indispensable for investors and executives alike."
--Allan A. Brown, Cohead of Distressed Debt Trading, Concordia Advisors LLC

"All who work, study, invest, or otherwise find themselves involved with this topic will want to add this book to their library. I certainly will."
--Ben Branch, Professor of Finance, Isenberg School of Management, University of Massachusetts

"Corporate Financial Distress and Bankruptcy is an invaluable compendium of methodology, data, and history. The authors do a splendid job of explaining theory to the practitioner and the practical side of bankruptcy to theoreticians."
--Martin Fridson, Publisher, Leverage World

"A thorough, comprehensive treatment of corporate financial distress and credit risk by long-standing experts in the field. Invaluable for those involved in fixed-income securities and in distress restructuring."
--James C. Van Horne, A.P. Giannini Professor of Banking and Finance, Graduate School of Business, Stanford University

"Altman and Hotchkiss have updated the leading text on bankruptcy, risk-return relationships for distressed debt, and the theory and application of distress prediction models."
--J. Fred Weston, Professor of Finance Emeritus, recalled, at The Anderson School at UCLA, and past president of both the American Finance Association and the Financial Management Association International

About the Author:

EDWARD I. ALTMAN, PhD, MBA, is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. Since 1990, he has directed the research effort in fixed income and credit markets at the NYU Salomon Center. Previously, Altman chaired the Stern School's MBA program for twelve years. He was inducted into the Fixed Income Analyst Society's Hall of Fame in 2001 and is an advisor to many financial, consulting, and governmental institutions. Dr. Altman is the Chairman of the Academic Advisory Council of the Turnaround Management Association and a member of its Board of Directors. EDITH HOTCHKISS, PhD, is Associate Professor of Finance at Boston College. Her research has been published in the Journal of Finance, the Journal of Corporate Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Financial Intermediation. She has served as an advisor in several recent Chapter 11 cases and is a member of the Board of Directors of the Turnaround Management Association.

About this edition

• Publisher: John Wiley & Sons
• Publication date: 2006
• ISBN 10: 0471691895
• ISBN 13: 9780471691891
• Binding: Hardcover
• Edition number: 3
• Number of pages: 368