Background
Altman, Edward Ira was born on June 5, 1941 in New York City. Son of Sidney and Florence (Brown) Altman.
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...)
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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.
