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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

70

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Top 541

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34,340

CITATIONS
Rank 508

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Top 508

in Total Papers Citations

941

Scholarly Papers (70)

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1.

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

Downloads 4,137 ( 1,840)
Citation 28

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 3,557 (2,375)
Citation 28

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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 331 (82,570)
Citation 28

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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 249 (112,583)
Citation 28

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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 affiliation not provided to SSRN
Downloads 2,808 (3,648)
Citation 27

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

3.

Revisiting Credit Scoring Models in a Basel 2 Environment

Downloads 2,190 ( 5,538)
Citation 10

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 1,082 (17,134)
Citation 10

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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 673 (33,976)
Citation 10

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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 435 (59,677)
Citation 10

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

4.

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 2,121 (5,844)

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

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 affiliation not provided to SSRN
Downloads 1,834 (7,509)
Citation 16

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

6.

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 1,392 (11,798)
Citation 6

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7.

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 1,324 (12,833)
Citation 1

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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 1,252 (13,938)
Citation 32

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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 1,246 (14,054)
Citation 6

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10.

An Integrated Pricing Model for Defaultable Loans and Bonds

Downloads 1,150 ( 15,969)
Citation 1

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 982 (19,824)
Citation 1

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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 106 (237,357)
Citation 1

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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 (330,025)
Citation 1

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11.

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 977 (20,340)
Citation 11

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Corporate bonds, bankruptcy, distressed debt

12.

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

Downloads 954 ( 21,115)
Citation 6

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 487 (51,964)
Citation 6

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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 467 (54,673)
Citation 6

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

13.

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 882 (23,657)
Citation 16

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

14.

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, affiliation not provided to SSRN and University of Leeds - Credit Management Research Centre
Downloads 847 (25,074)
Citation 5

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

15.

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 754 (29,482)

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16.

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 688 (33,417)
Citation 66

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

17.

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 643 (36,637)
Citation 7

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18.

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 593 (40,772)
Citation 39

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credit rating, credit risk, recovery rate, default rate

19.

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 576 (42,344)

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

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 562 (43,737)
Citation 28

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21.

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 558 (44,127)
Citation 171

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

22.

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 533 (46,741)
Citation 4

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defaults, liquidity, credit risk, hedge funds

23.

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 517 (48,610)
Citation 5

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24.

Corporate Credit Scoring Models: Approaches and Standards for Successful Implementation

Downloads 452 ( 57,556)
Citation 4

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 452 (56,945)
Citation 4

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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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25.

Post-Chapter 11 Bankruptcy Performance: Avoiding Chapter 22

Downloads 411 ( 64,566)
Citation 2

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 408 (64,531)
Citation 2

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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 (606,803)
Citation 2
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26.

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

Downloads 385 ( 69,774)
Citation 135

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 179 (155,151)
Citation 135

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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 82 (281,353)
Citation 135

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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 73 (301,683)
Citation 135

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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 51 (363,456)
Citation 135

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

27.

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

Downloads 351 ( 77,747)
Citation 43

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 252 (111,172)
Citation 43

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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 99 (249,150)
Citation 43

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28.

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 322 (85,798)
Citation 8

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29.

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 310 (89,475)
Citation 24

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

30.

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 271 (103,470)

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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 264 (106,396)
Citation 7

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32.

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 264 (106,396)
Citation 62

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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 263 (106,822)
Citation 4

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34.

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

Downloads 229 (123,056)
Citation 4

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 (252,624)
Citation 4

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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 70 (308,956)
Citation 4

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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 (330,025)
Citation 4

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35.

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 220 (128,062)
Citation 1

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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 205 (136,898)
Citation 3

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37.

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

Downloads 202 (138,807)
Citation 9

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 (261,623)
Citation 7

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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 57 (344,390)
Citation 7

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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 36 (418,846)
Citation 7

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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 17 (520,440)
Citation 9

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38.

Credit Ratings and the Bis Reform Agenda

Downloads 188 (148,423)
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 121 (215,384)
Citation 19

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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 (418,846)
Citation 19

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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 31 (440,768)
Citation 19

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39.

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 165 (166,749)

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

40.

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 160 (171,165)
Citation 2

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41.

Corporate Bond and Commercial Loan Portfolio Analysis

Downloads 155 (175,874)

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 155 (176,151)

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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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42.

Defaults and Returns on High Yield Bonds: Analysis Through 1994

Downloads 145 (185,904)
Citation 16

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 145 (186,397)
Citation 16

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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 144 (186,979)
Citation 9

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44.

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 (222,653)
Citation 7

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45.

Distress Classification of Korean Firms

Downloads 108 (232,974)

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 108 (234,225)

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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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46.

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 80 (282,983)
Citation 4

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47.

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
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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
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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 (514,416)

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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 74 (296,118)
Citation 15

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49.

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 (307,967)
Citation 9

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50.

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

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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 (402,320)

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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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51.

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 34 (417,589)
Citation 2

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52.

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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53.

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 (448,606)
Citation 4
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54.

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 (485,787)
Citation 36
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55.

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 affiliation not provided to SSRN
Downloads 14 (518,540)
Citation 23
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56.

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 4 (573,121)
Citation 4
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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.

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

59.

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

61.

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

62.

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

63.

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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64.

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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65.

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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66.

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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67.

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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68.

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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69.

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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70.

THE ANATOMY OF DISTRESSED DEBT MARKETS

Number of pages: 42
Edward I. Altman
New York University (NYU) - Salomon Center
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distressed debt, vulture investing, high-yield bonds, hedge funds