Corporate financial distress, restructuring, and bankruptcy
analyze leverages finance, distressed debt and bankruptcy
- ISBN: 9781119481805
- Editorial: John Wiley & Sons Limited
- Fecha de la edición: 2019
- Lugar de la edición: Hoboken. Estados Unidos de Norteamérica
- Edición número: 4th ed.
- Colección: Wiley financial series
- Encuadernación: Cartoné
- Medidas: 23 cm
- Nº Pág.: 349
- Idiomas: Inglés
A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models
This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.
Part One The Economic and Legal Framework of Corporate Restructuring and Bankruptcy
Chapter 1 Corporate Financial Distress: Introduction and Statistical Background 3
Chapter 2 An Introduction to Leveraged Finance 21
Chapter 3 An Overview of the U.S. Bankruptcy Process 39
Chapter 4 Restructuring Out-of-Court and the Cost of Financial Distress 71
Chapter 5 Valuation of Distressed Firms 91
Chapter 6 Corporate Governance in Distressed Firms 117
Chapter 7 Bankruptcy Outcomes 135
Chapter 8 International Evidence 147
Part Two High-Yield Debt, Prediction of Corporate Distress, and Distress Investing
Chapter 9 The High-Yield Bond Market: Risks and Returns for Investors and Analysts 165
Chapter 10 A 50-Year Retrospective on Credit Risk Models, the Altman Z-Score Family of Models, and Their Applications to Financial Markets and Managerial Strategies 189
Chapter 11 Applications of Distress Prediction Models: By External Analysts 217
Chapter 12 Distress Prediction Models: Catalysts for Constructive Change-Managing a Financial Turnaround 235
Chapter 13 A Bottom-Up Approach to Assessing Sovereign Default Risk 245
Chapter 14 The Anatomy of Distressed Debt Markets 265
Chapter 15 Investing in Distressed Firm Securities 277
Chapter 16 Modeling and Estimating Recovery Rates 295
