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

  • New York University (NYU) - Salomon Center

    • Email
    • Tel: 212-998-0709
    • Fax: 212-995-4220

  • New York University (NYU) - Department of Finance

SCHOLARLY PAPERS

71

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Scholarly Papers (71)

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1.

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

Downloads 4,200 ( 1,975)

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 3,598 (2,538)

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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 334 (87,340)

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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 268 (111,149)

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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 Wiserfunding
Downloads 2,925 (3,697)

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

3.

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
Edward I. Altman, Malgorzata Iwanicz-Drozdowska, Erkki K. Laitinen and Arto Suvas
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 2,617 (4,473)

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

4.

Revisiting Credit Scoring Models in a Basel 2 Environment

Downloads 2,326 ( 5,464)

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 1,174 (16,325)

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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 713 (33,632)

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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 439 (63,209)

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

5.

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 Wiserfunding
Downloads 1,850 (8,044)

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

6.

The Anatomy of Distressed Debt Markets

Number of pages: 42 Posted: 11 Oct 2018
Edward I. Altman and Robert Benhenni
New York University (NYU) - Salomon Center and Pole Universitaire Leonard de Vinci
Downloads 1,450 (11,967)

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distressed debt, vulture investing, high-yield bonds, hedge funds

7.

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 1,414 (12,450)

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8.

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 1,346 (13,480)

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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 1,294 (14,318)

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10.

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 1,263 (14,848)

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

11.

An Integrated Pricing Model for Defaultable Loans and Bonds

Downloads 1,163 ( 16,874)

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 989 (21,137)

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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 112 (242,025)

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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 62 (349,253)

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12.

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

Downloads 1,016 ( 20,663)

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 540 (48,657)

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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. FIN-02-052
Number of pages: 31 Posted: 03 Nov 2008
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 476 (57,204)

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

13.

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 999 (21,211)

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Corporate bonds, bankruptcy, distressed debt

14.

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 993 (21,389)

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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, Wiserfunding and University of Leeds - Credit Management Research Centre
Downloads 979 (21,852)

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

16.

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 (SMU) - Finance Department, New York University (NYU) - Salomon Center and New York University - Leonard N. Stern School of Business
Downloads 896 (24,904)

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

17.

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 693 (35,484)

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

18.

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

Number of pages: 56 Posted: 07 Oct 2015
Edward I. Altman, Malgorzata Iwanicz-Drozdowska, Erkki K. Laitinen and Arto Suvas
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 649 (38,697)

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

19.

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 645 (39,017)

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20.

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 605 (42,522)

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credit rating, credit risk, recovery rate, default rate

21.

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 582 (44,769)

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22.

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 564 (46,644)

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

23.

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 537 (49,619)

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defaults, liquidity, credit risk, hedge funds

24.

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 521 (51,546)

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25.

Corporate Credit Scoring Models: Approaches and Standards for Successful Implementation

Downloads 481 ( 57,213)

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 481 (56,569)

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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

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26.

Post-Chapter 11 Bankruptcy Performance: Avoiding Chapter 22

Downloads 421 ( 67,121)

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 418 (67,048)

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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 (644,606)
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27.

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

Downloads 397 ( 72,027)

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 180 (164,204)

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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 86 (289,344)

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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 79 (304,842)

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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 52 (380,902)

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

28.

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

Downloads 353 ( 82,599)

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 253 (118,068)

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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 100 (262,255)

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29.

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 332 (88,575)

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30.

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 322 (91,626)

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

31.

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 279 (107,011)

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32.

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 274 (109,126)

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33.

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 273 (109,589)

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34.

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 269 (111,233)

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35.

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

Downloads 234 (128,354)

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 97 (267,652)

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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 75 (317,045)

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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 62 (349,253)

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36.

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 230 (130,528)

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37.

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 227 (132,244)

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38.

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

Downloads 208 (143,752)

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 92 (277,076)

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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 59 (358,196)

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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 38 (433,855)

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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 19 (535,822)

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39.

Credit Ratings and the Bis Reform Agenda

Downloads 190 (156,375)

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 122 (227,030)

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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 (442,511)

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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 32 (460,576)

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40.

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 172 (170,951)

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

41.

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 165 (177,192)

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42.

Defaults and Returns on High Yield Bonds: Analysis Through 1994

Downloads 160 (181,881)

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 160 (182,139)

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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

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43.

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 159 (182,890)

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44.

Corporate Bond and Commercial Loan Portfolio Analysis

Downloads 159 (182,890)

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 159 (183,167)

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Corporate Bond and Commercial Loan Portfolio Analysis

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

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45.

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 115 (236,331)

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46.

Distress Classification of Korean Firms

Downloads 112 (240,750)

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 112 (242,025)

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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

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47.

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 81 (297,518)

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48.

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 78 (304,188)

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49.

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

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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 31 (465,644)

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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 28 (481,239)

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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 (542,166)

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50.

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 69 (325,973)

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51.

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

Downloads 40 (416,748)

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 40 (425,394)

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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

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52.

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 35 (436,848)

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53.

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
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54.

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)
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55.

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
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56.

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 Wiserfunding
Downloads 14 (546,665)
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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, Vol. 28, Issue 2, pp. 131-171, 2017
Number of pages: 41 Posted: 09 May 2017
Edward I. Altman, Malgorzata Iwanicz-Drozdowska, Erkki Laitinen and Arto Suvas
New York University (NYU) - Salomon Center, Warsaw School of Economics, Institute of Finance, University of Vaasa and University of Vaasa
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58.

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)
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59.

A Fifty-Year Retrospective on Credit Risk Models, the Altman Z -Score Family of Models and their Applications to Financial Markets and Managerial Strategies

Journal of Credit Risk, Vol. 14, No. 4, 2018
Number of pages: 34 Posted: 14 Dec 2018
Edward I. Altman
New York University (NYU) - Salomon Center
Downloads 2 (625,656)
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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
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Chapter 11, Chapter 22, reorganization, feasibility, Z‐Scores

61.

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
Edward I. Altman, Malgorzata Iwanicz-Drozdowska, Erkki Laitinen and Arto Suvas
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
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bankruptcy prediction, long horizon, financial variables, nonfinancial variables, Finnish firms

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

63.

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

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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)

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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

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Z- Score, Default, Bankruptcy

64.

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)

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

65.

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

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66.

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

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67.

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

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68.

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

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69.

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

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70.

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

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71.

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

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