Edward I. Altman

 

RECENT PAPERS

 

 

The Reemergence of Distressed Exchanges in Corporate Restructurings

 

The Value of Qualitative Information in SME Risk Management

 

Post-Chapter 11 Bankruptcy Performance: Avoiding Chapter 22

 

An Emerging Market Credit Scoring System for Corporate Bonds

 

Commentary: Bankruptcy With A Twist

 

Why GM Should File for Bankruptcy with a DIP-Twist Help from Its Friends

 

Defaults and Returns in the High-Yield Bond Market: The Year 2007 in Review and Outlook

 

The Investment Performance and Market Size of Defaulted Bonds and Bank Loans: 2007 Review and 2008 Outlook

 

Global Debt Markets in 2007: New Paradigm or the Great Credit Bubble?

 

Corporate Financial Distress Diagnosis in China

 

The Investment Performance and Market Size of Defaulted Bonds and Bank Loans: 2006 Review and 2007 Outlook, February 2007

 

Default and Returns in the High-Yield Bond Market 2006 in Review and Outlook, February 2007

 

About Corporate Default Rates, 2007

 

Default Recovery Rates and LGD in Credit Risk Modeling and Practice: An Updated Review of the Literature and Empirical Evidence, 11/2006

 

Modeling Credit Risk for SMEs: Evidence from the US Market, 11/2006

 

Are Historically Based Default and Recovery Models in the High-Yield and Distressed Debt Markets Still Relevant in Today's Credit Environment? - 10/2006

 

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

 

The Effects of Rating Through the Cycle on Rating Stability, Rating Timeliness and Default Prediction, March 2005

 

Current Conditions in the High Yield and Defaulted Debt Markets, 2006

 

Informational Efficiency of Loans Versus Bonds: Evidence from Secondary Market Prices, 11/2003

 

How Rating Agencies Achieve Rating Stability, 4/2004

 

Default Recovery Rates in Credit Risk Modeling: A Review of the Literature and Empirical Evidence, 12/2003

 

Market Size and Investment Performance of Defaulted Bonds & Bank Loans: 1987-2002, 2/2002

 

An Integrated Pricing Model for Defaultable Loans and Bonds

 

The Link between Default and Recovery Rates: Theory, Empirical Evidence and Implications, 3/2003

 

Defaults and Returns on High Yield Bonds: The Year 2002 in Review and the Market Outlook, 2/2003

 

Corporate Distress Prediction Models in a Turbulent Economic and Basel II Environment, 9/2002

 

Market Dynamics and Investment Performance of Distressed and Defaulted Debt Securities, 12/1998

 

Predicting Financial Distress of Companies: Revisiting the Z-Score and ZetaŽModels, 7/2000

 

Credit Ratings and the BIS Reform Agenda, 3/28/2001

 

The Equity Performance of Firms Emerging from Bankruptcy, 11/1998

 

The Anatomy of the High Yield Bond Market, 9/21/1998

 

An Analysis Critique of the BIS Proposal on Capital Adequacy and Ratings, 1/2000

 

The Importance and Subtlety of Credit Rating Migration, 9/1997

 

Emerging Market Corporate Bonds—A Scoring System, 5/15/1995

 

The Japanese Non-Performing Loans Problem: Securitization as a Solution, 4/14/1999

 

homepage - recent papers - vita