Published the Altman Z-score for predicting bankruptcy in 1968; builds credit-risk models and studies the high-yield and distressed debt markets.
NYU Stern School of Business
NYU Stern
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.
3 books of their own · 70 articles · 16 appearances
Predicting corporate failure with models like the Z-score, and how bankruptcy works.
The distressed debt market after the buyout era, and how to analyse its securities.
Recommended by: Mohnish Pabrai
Recommended by: Mohnish Pabrai
Corporate Financial Distress and Bankruptcy | Predicting corporate failure with models like the Z-score, and how bankruptcy works. | 1993 | T2 | – |
Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk | The distressed debt market after the buyout era, and how to analyse its securities. | 1991 | T2 | Mohnish Pabrai |
Investing in Junk Bonds: Inside the High Yield Debt Market | – | 1987 | T4 | Mohnish Pabrai |
| Professor Whose Formula Predicts Bankruptcies Has a Big Warning Paywall | Bloomberg | 2020 |