Abstract

http://ssrn.com/abstract=943326
 
 

Citations (11)



 
 

Footnotes (1)



 


 



Defaults and Returns in the High Yield Bond Market: The Year 2005 in Review and Market Outlook


Edward I. Altman


New York University (NYU) - Salomon Center; New York University (NYU) - Department of Finance

Brent Pasternack


affiliation not provided to SSRN


Journal of Applied Research in Accounting and Finance (JARAF), Vol. 1, No. 1, p. 3, 2006

Abstract:     
Dr. Altman has earned an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis. In this article, Altman and his team provide a comprehensive review of the 2005 high yield bond market. The article provides detailed long-term analysis of the US market, as well as trends in default, bankruptcy, recovery and returns for investors. Against this historical backdrop, the article offers some guidance on expected default rates and market performance in the burgeoning high-yield distressed bond market.

Number of Pages in PDF File: 31

Keywords: Corporate bonds, bankruptcy, distressed debt

JEL Classification: G33, G34

Accepted Paper Series





Download This Paper

Date posted: November 9, 2006  

Suggested Citation

Altman, Edward I. and Pasternack, Brent, Defaults and Returns in the High Yield Bond Market: The Year 2005 in Review and Market Outlook. Available at SSRN: http://ssrn.com/abstract=943326

Contact Information

Edward I. Altman (Contact Author)
New York University (NYU) - Salomon Center ( email )
44 West 4th Street
New York, NY 10012
United States
212-998-0709 (Phone)
212-995-4220 (Fax)
New York University (NYU) - Department of Finance ( email )
Stern School of Business
44 West 4th Street
New York, NY 10012-1126
United States
Brent Pasternack
affiliation not provided to SSRN
No Address Available
Feedback to SSRN


Paper statistics
Abstract Views: 2,927
Downloads: 876
Download Rank: 14,149
Citations:  11
Footnotes:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.359 seconds