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Corporate Financial Distress, Restructuring, and Bankruptcy : Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt.

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 t...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Altman, Edward I.
Otros Autores: Hotchkiss, Edith, Wang, Wei
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Newark : John Wiley & Sons, Incorporated, 2019.
Edición:4th ed.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Title Page; Copyright; Contents; About the Authors; Acknowledgments; Preface; Part One The Economic and Legal Framework of Corporate Restructuring and Bankruptcy; Chapter 1 Corporate Financial Distress: Introduction and Statistical Background; Reasons for Corporate Failures; Bankruptcy and Reorganization Theory; Distressed Restructuring in a Nutshell; The Distressed Restructuring Industry Players; Bankruptcy Filings; Chapter 22 Debtors and Bankruptcy Success; Distress Investing; Notes; Chapter 2 An Introduction to Leveraged Finance; Leveraged Loans: Overview; Lender Protection
  • High-Yield BondsDebt Subordination; Notes; Chapter 3 An Overview of the U.S. Bankruptcy Process; Evolution of the U.S. Bankruptcy Process; A Primer on Chapter 11; Other Key Aspects of Chapter 11; ABI Commission Report of 2014; Notes; Chapter 4 Restructuring Out-of-Court and the Cost of Financial Distress; Costs of Financial Distress; Restructuring Out of Court; Notes; Chapter 5 Valuation of Distressed Firms; Valuation Methodologies; Using Estimated Values in Bankruptcy; How Well Do Valuation Models Work for Distressed Firms?; Notes; Chapter 6 Corporate Governance in Distressed Firms
  • Manager, Creditor, and Shareholder InterestsCreditor Control Rights; Changes in Control and Impact of Claims Trading; CEOs, Boards, and Labor Markets; Collective Bargain Agreements (CBA) and Employee Benefits; Notes; Chapter 7 Bankruptcy Outcomes; Outcomes of Chapter 11 Cases; Postbankruptcy Performance; Implications for Efficiency of Chapter 11; Notes; Chapter 8 International Evidence; China; France; Germany; India; Japan; Sweden; The United Kingdom (England and Wales); Cross-Border Insolvencies; Notes; Part Two High-Yield Debt, Prediction of Corporate Distress, and Distress Investing
  • Chapter 9 The High-Yield Bond Market: Risks and Returns for Investors and AnalystsChapter 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; The Evolution of Corporate Credit Scoring Systems; From a Scoring Model to Default Prediction; Scholarly Impact; Financial Distress Prediction Applications; Conclusion; Notes; Chapter 11 Applications of Distress Prediction Models: By External Analysts; Notes
  • Chapter 12 Distress Prediction Models: Catalysts for Constructive Change-Managing a Financial TurnaroundNote; Chapter 13 A Bottom-Up Approach to Assessing Sovereign Default Risk; Notes; Chapter 14 The Anatomy of Distressed Debt Markets; Size of the Distressed and Defaulted Debt Market; Distressed Securities Investors; Capital Structure Arbitrage; Conclusion; Notes; Chapter 15 Investing in Distressed Firm Securities; Literature Review; Measuring and Investing in Defaulted and Distressed Debt Securities; Conclusion; Notes; Chapter 16 Modeling and Estimating Recovery Rates