This book, divided into three main parts, will offer a complete overview of the concept of corporate financial distress, emphasizing the different typologies of corporate paths included in this broad concept. It will reorganize and update academic literature about the evaluation of corporate financial distress from the first studies about failure prediction to the most recent contributions. It will also provide evidence about the evolution of going concern standards in both international and U.S. contexts. Moreover, an in-depth analysis of this broad concept will permit the identification of a set of research questions to be investigated from both theoretical and empirical points of view, and will be of interest to academic researchers and doctoral students of accounting, auditing and finance, professionals, and standard setters.
Partnering with Ed for this edition are Edith Hotchkiss, who has contributed for more than 20 years as a scholar and advisor to the development of the distressed debt field, and Wei Wang, known for his distinguished record as both a scholar ...
(I) Maxwell Communication Integrated Health Services, Inc. Metromedia Fiber Network, Inc. Nextwave Personal Communications, Inc. Loewen Group, Inc. Touch America Holdings, Inc. RCN Corp. Solutia, Inc. Armstrong World Industries, ...
Corporate Financial Distress and Bankruptcy has moved into a public domain due to the recent global financial crisis that witnessed failures of many corporations that were rescued by the government.
Professor Altman is the premier scholar in this area, and this book is a fitting reflection of that scholarship." —Ben Branch, Trustee Bank of New England Corporation Professor of Finance, University of Massachusetts "Corporate Financial ...
Philipp Jostarndt studies distress-induced changes in ownership and control, success factors in distressed equity infusions, and firms’ choice between in- and out-of-court debt restructurings.
A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of ...
Based on the framework of PETTIGREW (1987), research on corporate turnaround analyzes three dimensions: context, content, and process.142 Context addresses the question of “why” and includes topics such as the analysis of market and ...
The purpose of this book, therefore, is to investigate the possible financial strategies that companies in distress can adopt; in this regard, it approaches financial strategies as opportunities to resolve and prevent difficult situations ...
This volume encompasses a broad spectrum of crises facing an enterprise and its management and, in each case, identifies the central players and their agendas, as well as an assessment of potential techniques or tools available for ...
New to the Third Edition: Updated coverage of the effects of COVID-19 on finance New chapters on swaps and CLOs A new case study (iHeartMedia, Inc.) is integrated in the book from beginning to end New and improved layout with chapter ...