
Professor emeritus of finance at NYU Stern who created the Z-score model of bankruptcy prediction.
The Z-score gave credit analysts a published, testable formula for default probability from balance sheet ratios, and it is still the default screen in distressed work. Corporate Financial Distress and Bankruptcy sets out the mechanics of Chapter 11 and restructuring alongside the recovery and default statistics that distressed investors price against.
Chosen by shared topics, the entries that hold them, and the people who recommended both.
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Subtitled Principles and Technique.
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The distressed debt market after the buyout era, and how to analyse its securities.
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The investors who bought the bonds of failing companies after the buyout era.
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Predicting corporate failure with models like the Z-score, and how bankruptcy works.
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