Corporate Financial Distress and Bankruptcy: Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt

By Edward I. Altman, Edith S. Hotchkiss. 2005

584 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/bec20fa2bb8a9dca03b5ec99b0cacd104f262af4

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In Economics and Econometrics

1. Natalia Outecheva

Citations in the corpus

• Corporate Financial Distress: An Empirical Analysis of Distress Risk (2007, background): “Altman and Hotchkiss (2005) highlight that default differs from all other stages of financial distress insofar that it always involves a relationship between a company-debtor and creditors.”
• Do Hedge Funds Trade on Private Information? Evidence from Syndicated Lending and Short-Selling (2011, unknown): “Altman’s Z Score Following Altman and Hotchkiss (2006): i) For manufacturing firms, Z=1.2×(Working Capitals/Total Assets) + 1.4×(Retained Earnings/Total Assets) + 3.3× (EBIT/Total Assets) + 0.6×(Mkt Value of Equity/ Book Value of Total Liabilities) + 1.0× Sales/Total Assets. ii).”