Background
Altman, Edward Ira was born on June 5, 1941 in New York City. Son of Sidney and Florence (Brown) Altman.
(A comprehensive look at the enormous growth and evolution...)
A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt, and offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, the post-emergence period performance of bankrupt firms, and more.
http://www.amazon.com/gp/product/0471691895/?tag=2022091-20
(In today's volatile business climate, with increasing num...)
In today's volatile business climate, with increasing numbers of bond defaults and Chapter 11 bankruptcy filings, the market for distressed companies' debt and equity securities continues to capture the interest and imagination of the investment, legal, banking and advisory communities. The profit-making potential of securities selling at discount prices makes distressed securities very attractive to the educated and aggressive investor. In "Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk," author Edward Altman provides a definitive guide to this market, and applies his considerable analytical ability and practical experience to specific types of distressed securities, including proven strategies for bank debt, defaulted private trade debt, defaulted straight debt securities, and "fallen angels."
http://www.amazon.com/gp/product/1893122042/?tag=2022091-20
(Leading contributors from both the academic and business ...)
Leading contributors from both the academic and business worlds combine their theoretical and real-world interests in this comprehensive, up-to-date compendium on corporate finance. Among the topics covered are financial forecasting, planning and control, sources of funds, capital budgeting, and pension and profit sharing. This volume also delves into the area of ''modern finance,'' covering financial decisions for multinational enterprises, international cash management, bankruptcy and reorganization, mergers and acquisitions, and small business financial management.
http://www.amazon.com/gp/product/0471819573/?tag=2022091-20
(Predict, Avoid, Manage - and Even Profit From - Bankruptc...)
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 financeEmerging trends - complete explorations of debtor-in-possession lending, prepackaged bankruptcy, and the epidemic of fraudulent conveyance suits resulting from ill-conceived restructuringsAn evaluation of the Chapter 11 process, now under public scrutiny and criticismBankruptcy reorganization case histories - real-world data to help readers carry out debtor valuation analyses and restructurings, featuring Duplan Corporation and Wheeling Pittsburgh Steel CorporationWith 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
http://www.amazon.com/gp/product/0471552534/?tag=2022091-20
editor consultant finance educator
Altman, Edward Ira was born on June 5, 1941 in New York City. Son of Sidney and Florence (Brown) Altman.
Altman teaches "Bankruptcy and Reorganization" and "Cr Risk Management" in the Risk Management Open Enrollment program for Stern Executive Education, as well as on the TRIUM Global Executive Master of Business Administration Program, an alliance of New York University Stern, the London School of Economics and Higher Education Commission School of Management, and for both the Master of Science in Global Finance (MSGF) and Master of Science in Risk Management Program for Executives (MSRM).
He is best known for the development of the Z-Score for predicting bankruptcy which he published in 1968. Professor Altman is a leading academic on the High-Yield and Distressed Debt markets and is the pioneer in the building of models for cr risk management and bankruptcy prediction. He is the brother of Stuart Altman.
MSGF is jointly offered by New York University Stern and the Hong Kong University of Science and Technology.
He also teaches in the school"s Master of Business Administration programs and has been a Stern faculty member since 1967. The Z-Score is a multivariate formula for a measurement of the financial health of a company and a powerful diagnostic tool that forecasts the probability of a company entering bankruptcy within a 2-year period.
Studies measuring the effectiveness of the Z-Score have shown that the model has an 80%-90% reliability. Altman"s equation did an excellent job at distinguishing bankrupt and non-bankrupt firms.
Altman holds a Bachelor of Arts in Economics, (City College of New York, 1963).
An Master of Business Administration (University of California, Los Angeles, 1965). And a Doctor of Philosophy in Finance (University of California, Los Angeles, 1967). Altman was inducted into the Fixed Income Society"s Hall of Fame in 2001 and was amongst the inaugural inductees into the Turnaround Management"s Hall of Fame in 2008.
He was named one of the "100 Most Influential People in Finance" by the Treasury & Risk Management magazine in 2005.
(A comprehensive look at the enormous growth and evolution...)
(Predict, Avoid, Manage - and Even Profit From - Bankruptc...)
(In today's volatile business climate, with increasing num...)
(A comprehensive guide to predicting and dealing with corp...)
(Leading contributors from both the academic and business ...)
(The first comprehensive guide to the burgeoning, new high...)
(Book by Altman, Edward I)
President board directors Interschs. Orchestras New York, since 1992. Member board directors American Museum Finance History, since 1989.
Member American Finance Association, Finance Management Association (board directors 1982-1984), European Finance Association (member executive committee 1978-1980).
Married Elaine Karalus, June 24, 1967. 1 son, Gregory.