Edward I. Altman Libri

Leading contributors from both the academic and business worlds combine their theoretical and real-world interests in this comprehensive, up-to-date compendium on corporate finance. Among the topics covered are financial forecasting, planning and control, sources of funds, capital budgeting, and pension and profit sharing. This volume also delves into the area of ``modern finance,'' covering financial decisions for multinational enterprises, international cash management, bankruptcy and reorganization, mergers and acquisitions, and small business financial management.

During the recession from 1981 to 1983, seven billion-dollar firms filed for bankruptcy, but that number skyrocketed to thirty-three from 1988 to 1992. The demand for expertise in predicting, managing, and profiting from corporate distress has never been greater. The Second Edition of Corporate Financial Distress and Bankruptcy by Edward I. Altman offers a comprehensive array of tools and techniques for navigating financial crises. It includes updated insights on distressed firm investing through a unique index measuring defaulted debt price movements and market performance. The book presents robust statistical models for assessing distress potential, alongside a powerful framework for bank loan valuation that establishes criteria for loss reserves and pricing guidelines. An innovative technique for present value assessment helps banks comply with accounting standards requiring market value reporting. Turnaround strategies are detailed, including a case history of GTI Corporation, while the literature review evaluates recent scholarly work on distressed firms. Additionally, the international dimension features a bibliography of failure prediction models applied globally, encompassing both industrialized and developing economies. In a time of increasing bankruptcies, this edition provides essential guidance for navigating the complexities of corporate financial distress.

The no. 1 guide to corporate valuation is now better than ever! In today's economy, it's essential for business professionals to excel at measuring, managing, and maximizing shareholder value. Valuation, hailed by financial professionals worldwide as the single best guide of its kind, shows managers at every level how to create value for their companies. The new Fourth Edition has been updated and expanded to provide critical insights into the business conditions that characterize today's volatile global economy. Along with all-new case studies, it takes a fresh look at topical issues in finance including the Internet bubble in capital markets, new accounting rules, the cost of capital, valuing assets in emerging markets, and managing performance. McKinsey & Co., Inc., is an international top management consulting firm. Founded in 1926, McKinsey & Co. Inc., advises leading companies around the world on issues of strategy, organization, and operations, and in specialized areas such as finance, information technology and the Internet, research and development, sales, marketing, manufacturing, and distribution. Tim Koller, MBA (New York, NY), is a partner at McKinsey & Co., Inc., and h