Edward I. Altman

New York University (NYU) - Salomon Center

Senior Advisor, Credit and Debt Markets Research Program

44 West 4th Street

New York, NY 10012

United States

New York University (NYU) - Department of Finance

Max L. Heine Emeritus Professor of Finance

Stern School of Business

44 West 4th Street

New York, NY 10012-1126

United States

SCHOLARLY PAPERS

70

DOWNLOADS
Rank 513

SSRN RANKINGS

Top 513

in Total Papers Downloads

30,550

CITATIONS
Rank 505

SSRN RANKINGS

Top 505

in Total Papers Citations

949

Scholarly Papers (70)

The Link between Default and Recovery Rates: Implications for Credit Risk Models and Procyclicality

Number of pages: 44 Posted: 22 Jun 2002
Andrea Sironi, Edward I. Altman, Brooks Brady and Andrea Resti
Bocconi University - Department of Finance, New York University (NYU) - Salomon Center, Standard & Poor's Risk Solutions and Bocconi University - Department of Finance
Downloads 3,456 (1,951)
Citation 28

Abstract:

credit rating, capital requirements, credit risk, recovery rate, default, procyclicality

The Link between Default and Recovery Rates: Implications for Credit Risk Models and Procyclicality

NYU Working Paper No. 2451/26764
Number of pages: 46 Posted: 03 Nov 2008
Edward I. Altman, Brooks Brady, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Standard & Poor's Risk Solutions, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 325 (71,517)
Citation 28

Abstract:

The Link between Default and Recovery Rates: Implications for Credit Risk Models and Procyclicality

NYU Working Paper No. 2451/26764
Number of pages: 46 Posted: 05 Nov 2008
Edward I. Altman, Brooks Brady, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Standard & Poor's Risk Solutions, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 191 (125,189)
Citation 28

Abstract:

2.

Modeling Credit Risk for SMEs: Evidence from the US Market

Number of pages: 48 Posted: 27 Dec 2005
Edward I. Altman and Gabriele Sabato
New York University (NYU) - Salomon Center and Risk Management
Downloads 2,148 (3,571)
Citation 28

Abstract:

SME finance, Modeling credit risk, Basel II, Bank capital requirements

Revisiting Credit Scoring Models in a Basel 2 Environment

NYU Working Paper No. S-CDM-02-06
Number of pages: 37 Posted: 05 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 860 (19,951)
Citation 10

Abstract:

Credit Risk Models, Default Probabilities, Basel 2, Z-Score, KMV

Revisiting Credit Scoring Models in a Basel 2 Environment

NYU Working Paper No. FIN-02-041
Number of pages: 37 Posted: 03 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 634 (30,859)
Citation 10

Abstract:

Credit Risk Models, Default Probabilities, Basel 2, Z-Score, KMV

Revisiting Credit Scoring Models in a Basel 2 Environment

NYU Working Paper No. S-FI-02-11
Number of pages: 37 Posted: 11 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 427 (51,629)
Citation 10

Abstract:

Credit Risk Models, Default Probabilities, Basel 2, Z-Score, KMV

4.

Effects of the New Basel Capital Accord on Bank Capital Requirement for SMEs

Journal of Financial Services Research, Forthcoming
Number of pages: 41 Posted: 11 May 2005
Edward I. Altman and Gabriele Sabato
New York University (NYU) - Salomon Center and Risk Management
Downloads 1,714 (6,309)
Citation 16

Abstract:

SME finance, basel II, bank capital requirements, retail banking

5.

The Anatomy of the High Yield Bond Market: After Two Decades of Activity-Implications For Europe

New York University, Center for Law and Business, Working Paper No. 98-021
Number of pages: 29 Posted: 08 Aug 1999
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 1,335 (9,874)
Citation 6

Abstract:

6.

Market Dynamics and Investment Performance of Distressed and Defaulted Debt Securities

New York University, Center for Law and Business, Working Paper No. 98-022
Number of pages: 24 Posted: 08 Aug 1999
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 1,214 (11,328)
Citation 2

Abstract:

An Integrated Pricing Model for Defaultable Loans and Bonds

Data Not Availalbe, Cass Business School Research Paper
Number of pages: 21 Posted: 23 May 2003
Edward I. Altman and Mario Onorato
New York University (NYU) - Salomon Center and Algorithmics
Downloads 968 (16,719)
Citation 1

Abstract:

statistical simulation methods, financial risk management, credit risk measurement model, pricing models, debt & debt management, portfolio choice

An Integrated Pricing Model for Defaultable Loans and Bonds

NYU Working Paper No. S-CDM-03-05
Number of pages: 21 Posted: 05 Nov 2008
Mario Onorato and Edward I. Altman
Algorithmics and New York University (NYU) - Salomon Center
Downloads 102 (210,410)
Citation 1

Abstract:

statistical simulation methods, financial risk management, credit risk measurement model, asset pricing, debt & debt management

An Integrated Pricing Model for Defaultable Loans and Bonds

NYU Working Paper No. FIN-03-009
Number of pages: 21 Posted: 03 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 59 (293,105)
Citation 1

Abstract:

8.

The Link between Default and Recovery Rates: Effects on the Procyclicality of Regulatory Capital Ratios

BIS Working Paper No. 113
Number of pages: 37 Posted: 13 Dec 2005
Edward I. Altman, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 1,116 (12,559)
Citation 32

Abstract:

credit rating, capital requirements, credit risk, recovery rate, default, procyclicality

9.

Financial Distress and Restructuring Models

NYU Working Paper No. FIN-94-024
Number of pages: 42 Posted: 11 Nov 2008
Yehning Chen, J. Fred Weston and Edward I. Altman
National Taiwan University, University of California, Los Angeles (UCLA) - Finance Area and New York University (NYU) - Salomon Center
Downloads 1,054 (13,109)
Citation 6

Abstract:

10.

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

Journal of Applied Research in Accounting and Finance (JARAF), Vol. 1, No. 1, p. 3, 2006
Number of pages: 31 Posted: 09 Nov 2006
Edward I. Altman and Brent Pasternack
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 907 (17,463)
Citation 11

Abstract:

Corporate bonds, bankruptcy, distressed debt

11.

Bank Debt Versus Bond Debt: Evidence from Secondary Market Prices

Number of pages: 53 Posted: 03 Jan 2005
Amar Gande, Edward I. Altman and Anthony Saunders
Southern Methodist University, New York University (NYU) - Salomon Center and New York University - Leonard N. Stern School of Business
Downloads 822 (20,612)
Citation 14

Abstract:

Bankruptcy, bonds, default, loans, monitoring, spillovers, stocks

Corporate Distress Prediction Models in a Turbulent Economic and Basel Ii Environment

NYU Working Paper No. FIN-02-052
Number of pages: 31 Posted: 03 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 436 (50,326)
Citation 6

Abstract:

Credit Risk Models, Default Probabilities, Basel II, Z-Score, KMV

Corporate Distress Prediction Models in a Turbulent Economic and Basel Ii Environment

NYU Working Paper No. S-CDM-02-11
Number of pages: 31 Posted: 05 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 381 (59,263)
Citation 6

Abstract:

Credit Risk Models, Default Probabilities, Basel II, Z-Score, KMV

13.

How Rating Agencies Achieve Rating Stability

NYU Working Paper No. S-CDM-03-12
Number of pages: 49 Posted: 05 Nov 2008
Edward I. Altman and Herbert A. Rijken
New York University (NYU) - Salomon Center and Vrije Universiteit Amsterdam (Free University)
Downloads 652 (29,096)
Citation 67

Abstract:

Rating Agencies, "through-the-cycle" rating methodology, migration policy, credit scoring models

14.

Defaults and Returns on High Yield Bonds: First Quarter 2004

NYU Law and Economics Research Paper No. 04-008
Number of pages: 31 Posted: 25 May 2004
Edward I. Altman and Gonzalo Fanjul
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 622 (31,283)
Citation 7

Abstract:

15.

The Value of Non-Financial Information in SME Risk Management

Number of pages: 40 Posted: 27 Dec 2008 Last Revised: 12 Mar 2014
Edward I. Altman, Gabriele Sabato and Nick Wilson
New York University (NYU) - Salomon Center, Risk Management and University of Leeds - Credit Management Research Centre
Downloads 576 (26,337)
Citation 6

Abstract:

SME lending, Credit Risk Modeling, Bankruptcy, Small Business failure

16.

Default Recovery Rates in Credit Risk Modeling: A Review of the Literature and Empirical Evidence

NYU Working Paper No. S-CDM-03-11
Number of pages: 33 Posted: 05 Nov 2008
Edward I. Altman, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 522 (36,882)
Citation 38

Abstract:

credit rating, credit risk, recovery rate, default rate

17.

The Link between Default and Recovery Rates

NYU Working Paper No. S-CDM-04-07
Number of pages: 32 Posted: 05 Nov 2008
Edward I. Altman, Brooks Brady, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Standard & Poor's Risk Solutions, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 516 (38,620)
Citation 170

Abstract:

credit rating, capital requirements, credit risk, recovery rate, default, procyclicality

18.

Are Historically Based Default and Recovery Models in the High-Yield and Distressed Debt Markets Still Relevant in Today's Credit Environment?

Bank i Kredyt, No. 3, pp. 3-10, 2007
Number of pages: 8 Posted: 06 Sep 2007
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 492 (41,959)
Citation 4

Abstract:

defaults, liquidity, credit risk, hedge funds

19.

Credit Risk Measurement and Management: The Ironic Challenge in the Next Decade

NYU Working Paper No. FIN-98-003
Number of pages: 14 Posted: 07 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 461 (43,690)
Citation 5

Abstract:

20.

Business Failure Classification Models: An International Survey

NYU Working Paper No. FIN-96-005
Number of pages: 73 Posted: 07 Nov 2008
Edward I. Altman and Paul Narayanan
New York University (NYU) - Salomon Center and AIG International, Inc.
Downloads 449 (41,553)
Citation 31

Abstract:

Corporate Credit Scoring Models: Approaches and Standards for Successful Implementation

NYU Working Paper No. FIN-95-001
Number of pages: 32 Posted: 11 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 408 (54,582)
Citation 4

Abstract:

Corporate Credit Scoring Models: Approaches and Standards for Successful Implementation

Posted: 04 Aug 1999
Edward I. Altman and Robert Haldeman
New York University (NYU) - Salomon Center and affiliation not provided to SSRN

Abstract:

Post-Chapter 11 Bankruptcy Performance: Avoiding Chapter 22

NYU Working Paper No. FIN-09-013
Number of pages: 36 Posted: 08 Sep 2009
Edward I. Altman, Tushar Kant and Thongchai Rattanaruengyot
New York University (NYU) - Salomon Center, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 394 (56,947)
Citation 2

Abstract:

Post-Chapter 11 Bankruptcy Performance: Avoiding Chapter 22

Journal of Applied Corporate Finance, Vol. 21, Issue 3, pp. 53-64, Summer 2009
Number of pages: 12 Posted: 02 Nov 2009
Edward I. Altman, Tushar Kant and Thongchai Rattanaruengyot
New York University (NYU) - Salomon Center, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 3 (533,793)
Citation 2

Abstract:

23.

Distressed Firm and Bankruptcy Prediction in an International Context: A Review and Empirical Analysis of Altman's Z-Score Model

Number of pages: 47 Posted: 11 Dec 2014
New York University (NYU) - Salomon Center, Warsaw School of Economics, Institute of Finance, University of Vaasa - Department of Accounting and Finance and University of Vaasa - Department of Accounting and Finance
Downloads 383 (14,041)

Abstract:

Z-Score, bankruptcy, failure, default, financial distress

The Link between Default and Recovery Rates: Theory, Empirical Evidence and Implications

NYU Working Paper No. S-FI-03-19
Number of pages: 27 Posted: 11 Nov 2008
Edward I. Altman, Brooks Brady, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Standard & Poor's Risk Solutions, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 172 (138,091)
Citation 134

Abstract:

credit rating, capital requirements, credit risk, recovery rate, default, procyclicality

The Link between Default and Recovery Rates: Theory, Empirical Evidence and Implications

NYU Working Paper No. S-DRP-03-08
Number of pages: 28 Posted: 07 Nov 2008
Edward I. Altman, Brooks Brady, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Standard & Poor's Risk Solutions, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 78 (250,758)
Citation 134

Abstract:

credit rating, capital requirements, credit risk, recovery rate, default, procyclicality

The Link between Default and Recovery Rates: Theory, Empirical Evidence and Implications

NYU Working Paper No. S-CDM-03-02
Number of pages: 27 Posted: 05 Nov 2008
Edward I. Altman, Brooks Brady, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Standard & Poor's Risk Solutions, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 57 (298,238)
Citation 134

Abstract:

credit rating, capital requirements, credit risk, recovery rate, default, procyclicality

The Link between Default and Recovery Rates: Theory, Empirical Evidence and Implications

NYU Working Paper No. FIN-03-006
Number of pages: 28 Posted: 03 Nov 2008
Edward I. Altman, Brooks Brady, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Standard & Poor's Risk Solutions, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 50 (317,779)
Citation 134

Abstract:

credit rating, capital requirements, credit risk, recovery rate, defaul, procyclicality

An Analysis and Critique of the Bis Proposal on Capital Adequacy and Ratings

NYU Working Paper No. FIN-00-006
Number of pages: 32 Posted: 03 Nov 2008
Edward I. Altman and Anthony Saunders
New York University (NYU) - Salomon Center and New York University - Leonard N. Stern School of Business
Downloads 248 (96,440)
Citation 42

Abstract:

An Analysis and Critique of the Bis Proposal on Capital Adequacy and Ratings

NYU Working Paper No. FIN-99-084
Number of pages: 32 Posted: 11 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 99 (214,781)
Citation 42

Abstract:

26.

The Effects of Rating Through the Cycle on Rating Stability, Rating Timeliness and Default Prediction Performance

NYU Working Paper No. FIN-05-004
Number of pages: 39 Posted: 03 Nov 2008
Edward I. Altman and Herbert A. Rijken
New York University (NYU) - Salomon Center and Vrije Universiteit Amsterdam (Free University)
Downloads 269 (82,105)
Citation 8

Abstract:

27.

Sovereign Default Risk Assessment from the Bottom-Up

NYU Working Paper No. 2451/29825
Number of pages: 32 Posted: 06 Oct 2010
Edward I. Altman and Herbert A. Rijken
New York University (NYU) - Salomon Center and Vrije Universiteit Amsterdam (Free University)
Downloads 252 (89,246)

Abstract:

28.

Informational Efficiency of Loans Versus Bonds: Evidence from Secondary Market Prices

NYU Working Paper No. S-FI-04-02
Number of pages: 48 Posted: 11 Nov 2008
Edward I. Altman, Amar Gander and Anthony Saunders
New York University (NYU) - Salomon Center, affiliation not provided to SSRN and New York University - Leonard N. Stern School of Business
Downloads 242 (86,788)
Citation 24

Abstract:

Words: monitoring, default, spillovers, event study, loans, bonds, stocks

29.

How Rating Agenices Achieve Rating Stability

NYU Working Paper No. FIN-04-031
Number of pages: 45 Posted: 03 Nov 2008
Edward I. Altman and Herbert A. Rijken
New York University (NYU) - Salomon Center and Vrije Universiteit Amsterdam (Free University)
Downloads 228 (92,156)
Citation 62

Abstract:

30.

Rating Migration of Corporate Bonds: Comparative Results and Investor/Lender Implication

NYU Working Paper No. FIN-96-001
Number of pages: 47 Posted: 07 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 225 (97,351)
Citation 4

Abstract:

31.

The Re-Emergence of Distressed Exchanges in Corporate Restructurings

NYU Working Paper No. FIN-09-012
Number of pages: 18 Posted: 08 Sep 2009
Edward I. Altman and Brenda Karlin
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 215 (102,016)
Citation 6

Abstract:

Defaults and Returns on High Yield Bonds: The Year 2002 in Review and the Market Outlook

NYU Working Paper No. S-FI-03-21
Number of pages: 64 Posted: 11 Nov 2008
Edward I. Altman and Gaurav Bana
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 87 (234,199)
Citation 4

Abstract:

Defaults and Returns on High Yield Bonds: The Year 2002 in Review and the Market Outlook

NYU Working Paper No. S-CDM-03-06
Number of pages: 65 Posted: 05 Nov 2008
Edward I. Altman and Gaurav Bana
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 61 (288,209)
Citation 4

Abstract:

Defaults and Returns on High Yield Bonds: The Year 2002 in Review and the Market Outlook

NYU Working Paper No. FIN-03-010
Number of pages: 65 Posted: 11 Nov 2008
Edward I. Altman and Gaurav Bana
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 54 (306,262)
Citation 4

Abstract:

33.

Distressed and Defaulted Debt Securities: Market Dynamics and Investment Performance

NYU Working Paper No. FIN-95-002
Number of pages: 17 Posted: 11 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 200 (115,212)
Citation 2

Abstract:

Market Size and Investment Performance of Defaulted Bonds and Bank Loans: 1987-2002

NYU Working Paper No. FIN-03-008
Number of pages: 47 Posted: 03 Nov 2008
Edward I. Altman and Shubin Jha
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 88 (232,489)
Citation 7

Abstract:

Market Size and Investment Performance of Defaulted Bonds and Bank Loans: 1987-2002

NYU Working Paper No. S-CDM-03-04
Number of pages: 47 Posted: 05 Nov 2008
Edward I. Altman and Shubin Jha
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 55 (303,533)
Citation 7

Abstract:

Market Size and Investment Performance of Defaulted Bonds and Bank Loans: 1987-2002

NYU Working Paper No. S-FI-03-20
Number of pages: 46 Posted: 11 Nov 2008
Edward I. Altman and Shubin Jha
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 36 (364,074)
Citation 7

Abstract:

Market Size and Investment Performance of Defaulted Bonds and Bank Loans: 1987-2002

Journal of Applied Finance, Vol. 13, No. 2, Fall/Winter 2003
Number of pages: 11 Posted: 06 Jan 2005
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 15 (468,578)
Citation 9

Abstract:

35.
Downloads 178 (133,864)
Citation 19

Credit Ratings and the Bis Reform Agenda

NYU Working Paper No. FIN-00-060
Number of pages: 26 Posted: 13 Nov 2008
Edward I. Altman and Anthony Saunders
New York University (NYU) - Salomon Center and New York University - Leonard N. Stern School of Business
Downloads 114 (193,985)
Citation 19

Abstract:

Credit Ratings and the Bis Reform Agenda

NYU Working Paper No. S-CDM-00-13
Number of pages: 26 Posted: 05 Nov 2008
Edward I. Altman and Anthony Saunders
New York University (NYU) - Salomon Center and New York University - Leonard N. Stern School of Business
Downloads 36 (364,074)
Citation 19

Abstract:

Credit Ratings and the Bis Reform Agenda

NYU Working Paper No. S-FI-00-08
Number of pages: 26 Posted: 11 Nov 2008
Edward I. Altman and Anthony Saunders
New York University (NYU) - Salomon Center and New York University - Leonard N. Stern School of Business
Downloads 28 (397,474)
Citation 19

Abstract:

Corporate Bond and Commercial Loan Portfolio Analysis

NYU Working Paper No. FIN-96-006
Number of pages: 31 Posted: 07 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 145 (160,410)

Abstract:

Corporate Bond and Commercial Loan Portfolio Analysis

96-41
Posted: 03 Dec 1996
Edward I. Altman
New York University (NYU) - Salomon Center

Abstract:

37.

Defaults & Returns on High Yield Bonds: Analysis Through 1999 and Default Outlook for 2000-2002

NYU Working Paper No. FIN-99-005
Number of pages: 39 Posted: 07 Nov 2008
Edward I. Altman, Naeem Hukkawala and Vellore Kishore
New York University (NYU) - Salomon Center, affiliation not provided to SSRN and New York University (NYU) - Department of Finance
Downloads 129 (156,484)
Citation 2

Abstract:

38.

Defaults & Returns on High Yield Bonds: Analysis Through 1998 and Default Outlook for 1999-2001

NYU Working Paper No. S-CDM-99-01
Number of pages: 46 Posted: 05 Nov 2008
Edward I. Altman, Diane Cooke and Vellore Kishore
New York University (NYU) - Salomon Center, affiliation not provided to SSRN and New York University (NYU) - Department of Finance
Downloads 123 (146,361)
Citation 3

Abstract:

39.

Defaults and Returns in the High Yield Bond Market: the Year 2003 in Review and Market Outlook

NYU Working Paper No. S-CDM-04-01
Number of pages: 59 Posted: 05 Nov 2008
Edward I. Altman and Gonzalo Fanjul
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 118 (177,990)
Citation 9

Abstract:

Defaults and Returns on High Yield Bonds: Analysis Through 1994

NYU Working Paper No. FIN-94-003
Number of pages: 29 Posted: 11 Nov 2008
Edward I. Altman and Vellore Kishore
New York University (NYU) - Salomon Center and New York University (NYU) - Department of Finance
Downloads 117 (190,241)
Citation 16

Abstract:

Defaults and Returns On High Yield Bonds: Analysis Through 1994

Posted: 30 Aug 1999
Edward I. Altman and Vellore Kishore
New York University (NYU) - Salomon Center and New York University (NYU) - Department of Finance

Abstract:

41.

Anatomy of Bank Distress: The Information Content of Accounting Fundamentals within and Across Countries

Number of pages: 34 Posted: 04 Oct 2014
Edward I. Altman, Janko Cizel and Herbert A. Rijken
New York University (NYU) - Salomon Center, VU University Amsterdam and Vrije Universiteit Amsterdam (Free University)
Downloads 109 (167,614)

Abstract:

Bank distress, Bank Resolution, Disclosure, Accounting, Basel III

42.

Effects of Rating Through Cycle on Rating Stability, Rating Timeliness and Default Predection Performance

NYU Working Paper No. FIN-04-032
Number of pages: 35 Posted: 03 Nov 2008
Edward I. Altman and Herbert A. Rijken
New York University (NYU) - Salomon Center and Vrije Universiteit Amsterdam (Free University)
Downloads 103 (194,399)
Citation 7

Abstract:

Distress Classification of Korean Firms

NYU Working Paper No. FIN-94-002
Number of pages: 38 Posted: 11 Nov 2008
Edward I. Altman, Young Ho Eom and Dong Won Kim
New York University (NYU) - Salomon Center, Yonsei University and The University of Suwon
Downloads 100 (213,341)

Abstract:

Distress Classification of Korean Firms

Posted: 26 Aug 1999
Edward I. Altman, Young Ho Eom and Dong Won Kim
New York University (NYU) - Salomon Center, Yonsei University and The University of Suwon

Abstract:

The Investment Performance of Defaulted Bonds for 1987-95 and Market Outlook

NYU Working Paper No. FIN-95-004
Number of pages: 26 Posted: 11 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 28 (397,474)

Abstract:

The Investment Performance of Defaulted Bonds for 1987-95 and Market Outlook

NYU Working Paper No. FIN-96-004
Number of pages: 30 Posted: 07 Nov 2008
Edward I. Altman and Anthony Morris
New York University (NYU) - Salomon Center and New York University (NYU) - Department of Economics
Downloads 27 (402,262)

Abstract:

The Investment Performance of Defaulted Bonds for 1987-95 and Market Outlook

NYU Working Paper No. FIN-95-005
Number of pages: 26 Posted: 11 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 18 (451,544)

Abstract:

45.

Market Size, Investment Performance, and Expected New Supply of Defaulted Bonds & Bank Loans: 1987-1999

NYU Working Paper No. FIN-99-004
Number of pages: 33 Posted: 07 Nov 2008
Edward I. Altman and Pierre Masset
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 73 (252,258)
Citation 4

Abstract:

46.

Defaults and Returns on High Yield Bonds: Analysis Through September 30, 2002

NYU Working Paper No. S-CDM-02-10
Number of pages: 52 Posted: 05 Nov 2008
Edward I. Altman and Gaurav Bana
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 60 (270,775)
Citation 9

Abstract:

47.

Defaults and Returns on High Yield Bonds: Analysis Through 1995

NYU Working Paper No. FIN-95-003
Number of pages: 30 Posted: 11 Nov 2008
Edward I. Altman and Vellore Kishore
New York University (NYU) - Salomon Center and New York University (NYU) - Department of Finance
Downloads 56 (277,535)
Citation 15

Abstract:

The Investment Performance of Defaulted Bonds for 1994 and 1987-1994

NYU Working Paper No. FIN-94-004
Number of pages: 23 Posted: 11 Nov 2008
Edward I. Altman and Bobe E. Simon
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 38 (356,581)

Abstract:

The Investment Performance Of Defaulted Bonds For 1994 and 1987-1994

Posted: 26 Aug 1998
Edward I. Altman and Bobe E. Simon
New York University (NYU) - Salomon Center and affiliation not provided to SSRN

Abstract:

49.

Morgan Stanley Round Table on Managing Financial Trouble

Journal of Applied Corporate Finance, Vol. 19, Issue 4, pp. 16-43, Fall 2007
Number of pages: 30 Posted: 19 Dec 2007
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 31 (374,511)

Abstract:

50.

Defaults & Returns on High Yield Bonds: Analysis Through September 30, 2002

NYU Working Paper No. FIN-02-050
Number of pages: 52 Posted: 03 Nov 2008
Edward I. Altman and Gaurav Bana
New York University (NYU) - Salomon Center and affiliation not provided to SSRN
Downloads 30 (367,025)
Citation 2

Abstract:

51.

The Impact of the Rating Agencies' Through-the-cycle Methodology on Rating Dynamics

Economic Notes, Vol. 34, No. 2, pp. 127-154, July 2005
Number of pages: 28 Posted: 08 Sep 2005
Edward I. Altman and Herbert A. Rijken
New York University (NYU) - Salomon Center and Vrije Universiteit Amsterdam (Free University)
Downloads 27 (391,416)
Citation 4

Abstract:

52.

Default Recovery Rates in Credit Risk Modelling: A Review of the Literature and Empirical Evidence

Economic Notes, Vol. 33, No. 2, pp. 183-208, July 2004
Number of pages: 26 Posted: 07 Oct 2004
Edward I. Altman, Andrea Resti and Andrea Sironi
New York University (NYU) - Salomon Center, Bocconi University - Department of Finance and Bocconi University - Department of Finance
Downloads 20 (425,638)
Citation 35

Abstract:

53.

Modelling Credit Risk for SMEs: Evidence from the U.S. Market

Abacus, Vol. 43, No. 3, pp. 332-357, September 2007
Number of pages: 26 Posted: 17 Aug 2007
Edward I. Altman and Gabriele Sabato
New York University (NYU) - Salomon Center and Risk Management
Downloads 14 (456,169)
Citation 25

Abstract:

54.

Assessing Potential Financial Problems for Firms in Brazil

Journal of International Business Studies, Vol. 10, Issue 2, pp. 9-24, 1979
Number of pages: 16 Posted: 28 Feb 2011
New York University (NYU) - Salomon Center, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 5 (500,152)
Citation 9

Abstract:

55.

Toward a Bottom-Up Approach to Assessing Sovereign Default Risk

Journal of Applied Corporate Finance, Vol. 23, Issue 1, pp. 20-31, 2011
Number of pages: 14 Posted: 21 Mar 2011
Edward I. Altman and Herbert A. Rijken
New York University (NYU) - Salomon Center and Vrije Universiteit Amsterdam (Free University)
Downloads 3 (508,910)
Citation 4

Abstract:

56.

Financial and Nonfinancial Variables As Long-Horizon Predictors of Bankruptcy

Journal of Credit Risk, Vol. 12, No. 4, 2016
Number of pages: 30 Posted: 27 Oct 2016
New York University (NYU) - Salomon Center, Warsaw School of Economics, Institute of Finance, University of Vaasa, Department of Accounting and Finance, Students and University of Vaasa - Department of Accounting and Finance
Downloads 0 (522,451)

Abstract:

bankruptcy prediction, long horizon, financial variables, nonfinancial variables, Finnish firms

57.

Financial Distress Prediction in an International Context: A Review and Empirical Analysis of Altman's Z-Score Model

Journal of International Financial Management & Accounting, Forthcoming
Posted: 11 May 2016
New York University (NYU) - Salomon Center, Warsaw School of Economics, Institute of Finance, University of Vaasa - Department of Accounting and Finance and University of Vaasa - Department of Accounting and Finance

Abstract:

bankruptcy prediction, Z-Score

58.

Z-Score Models' Application to Italian Companies Subject to Extraordinary Administration

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 23, No. 1, 2013
Number of pages: 10 Posted: 12 Nov 2015
Edward I. Altman, Alessandro Danovi and Alberto Falini
New York University (NYU) - Salomon Center, University of Bergamo (Italy) and University of Brescia - Department of Economics
Downloads 0 (117,973)

Abstract:

59.

Financial and Non-Financial Variables as Long-Horizon Predictors of Bankruptcy

Number of pages: 56 Posted: 07 Oct 2015
New York University (NYU) - Salomon Center, Warsaw School of Economics, Institute of Finance, University of Vaasa - Department of Accounting and Finance and University of Vaasa - Department of Accounting and Finance
Downloads 0 (67,248)

Abstract:

bankruptcy prediction, long horizon, financial variables, non-financial variables, Finnish firms

60.

The Bankruptcy System's Chapter 22 Recidivism Problem: How Serious is it?

Financial Review, Vol. 50, Issue 1, pp. 1-26, 2015
Number of pages: 26 Posted: 14 Jan 2015
Edward I. Altman and Ben S. Branch
New York University (NYU) - Salomon Center and University of Massachusetts Amherst - Isenberg School of Management
Downloads 0 (532,463)

Abstract:

Chapter 11, Chapter 22, reorganization, feasibility, Z‐Scores

Abstract:

Chapter 11, Bankruptcy-Reorganization, Hedge Funds, Distressed Debt Markets, Recovery Rates

Z-Score Models’ Application to Italian Companies Subject to Extraordinary Administration

Bancaria No. 04-2013
Posted: 08 Jun 2013
Edward I. Altman, Alberto Falini and Alessandro Danovi
New York University (NYU) - Salomon Center, University of Brescia - Department of Economics and University of Bergamo (Italy)

Abstract:

Z- Score, Default, Bankruptcy

Z-Score Models’ Application to Italian Companies Subject to Extraordinary Administration

Journal of Applied Finance, Spring/Summer 2013, Volume 23, No. 1
Posted: 16 Jul 2013
Edward I. Altman, Alessandro Danovi and Alberto Falini
New York University (NYU) - Salomon Center, University of Bergamo (Italy) and University of Brescia - Department of Economics

Abstract:

Z- Score, Default, Bankruptcy

63.

Toward a Bottom-Up Approach to Assessing Sovereign Default Risk: An Update

Journal of Applied Finance, Fall/Winter 2011, Volume 21, Issue 2, pp. 5-19
Posted: 08 Aug 2012
Edward I. Altman and Herbert A. Rijken
New York University (NYU) - Salomon Center and Vrije Universiteit Amsterdam (Free University)

Abstract:

Sovereign risk, Aggregate default risk, Z-Metrics™, Credit-default-swap, Euro Region

64.

Market Size and Investment Performance of Defaulted Bonds and Bank Loans: 1987-2001

NYU Salomon Center Working Paper No. S-02-5
Posted: 03 Mar 2003
Edward I. Altman and Jason Pompeii
New York University (NYU) - Salomon Center and New York University (NYU) - Salomon Center

Abstract:

65.

Defaults & Returns on High Yield Bonds: Analysis Through 2001

Journal of Applied Finance, Vol. 12, No. 1, Spring/Summer
Posted: 07 May 2002
Edward I. Altman and Pablo Arman
New York University (NYU) - Salomon Center and New York University (NYU) - Salomon Center

Abstract:

66.

Defaults and Returns on High Yield Bonds: Analysis Through 2001

NYU Salomon Center Working Paper No. S-02-4
Posted: 01 Apr 2002
Edward I. Altman and Pablo Arman
New York University (NYU) - Salomon Center and New York University (NYU) - Salomon Center

Abstract:

67.

Statement on Accounting Disclosure About Derivative Financial Instruments

J. OF DERIVATIVES, Spring 1996
Posted: 04 May 2000
Edward I. Altman
New York University (NYU) - Salomon Center

Abstract:

68.

Financial Distress and Restructuring Models

Posted: 01 Sep 1999
Yeh-Ning Chen, J. Fred Weston and Edward I. Altman
National Taiwan University - Department of Finance, University of California, Los Angeles (UCLA) - Finance Area and New York University (NYU) - Salomon Center

Abstract:

69.

Failure Prediction: Evidence From Korea

J. OF INTERNATIONAL FINANCIAL MANAGEMENT AND ACCOUNTING, Vol. 6 No. 3
Posted: 05 Jul 1998
Edward I. Altman, Young Ho Eom and Dong Won Kim
New York University (NYU) - Salomon Center, Yonsei University and The University of Suwon

Abstract:

70.

Default Rates in the Syndicated Bank Loan Market: A Mortality Analysis

Posted: 26 Feb 1998
Edward I. Altman and Heather J. Suggitt
New York University (NYU) - Salomon Center and Credit Suisse First Boston

Abstract: