author: edward i altman

Managing Credit Risk: The Next Great Financial Challenge

... simple holding company whose only asset consists of shares in a publicly traded company , say , IBM . Let us assume that the holding company has debt and equity , and the debt consists of a single discount note due in one year . Let D ...

Corporate Bankruptcy in America

... Chapter X of the Bankruptcy Act , " Harvard Law Review ( November 1938 ) ... Bank Lending , Vol . 51 , No. 11 ( July 1969 ) , pp . 25-31 . Hickman , W.B. ... Test of Credit Rationing , " American Economic Review ( December 1969 ) , pp . 850 ...

Bankruptcy & Distressed Restructurings: Analytical Issues and Investment Opportunities

... case involving the Meritor Savings Bank of Philadelphia , a U.S. Bankruptcy ... Interco Corp. bankruptcy , the court appointed examiner found that the ... Interco Inc. , et al . , Case # 91-4-00442-172 , U.S. Bankruptcy Court , Eastern ...

Managing and Measuring Risk: Emerging Global Standards and Regulations After the Financial Crisis

... Default Spreads +Relative Standard Deviations In the first approach to computing equity risk premiums, we assumed that the default spreads (actual or implied) for the country were good measures of the additional risk we face when ...

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