From the Publisher
About the Author
Dr. Altman has an international reputation as an expert on corporate bankruptcy and credit risk analysis. He was named Laureate 1984 by the Hautes Etudes Commerciales Foundation in Paris for his accumulated works on corporate distress prediction models and procedures for firm financial rehabilitation and awarded the Graham & Dodd Scroll for 1985 by the Financial Analysts Federation for his work on Default Rates on High Yield Corporate Debt and was named "Profesor Honorario" by the University of Buenos Aires in 1996. He is currently an advisor to the Centrale dei Bilanci in Italy and a member of its Scientific and Technical Committee and to several foreign central banks. Dr. Altman was named to the Max L. Heine endowed professorship at Stern in 1988. He received his MBA and Ph.D. in Finance from the University of California, Los Angeles.
Professor Altman is one of the founders and an Executive Editor of the international publication, the Journal of Banking and Finance and Advisory Editor of a publisher series, the John Wiley Frontiers in Finance Series. Professor Altman has published over a dozen books and over 100 articles in scholarly finance, accounting and economic journals. He is the current editor of the Handbook of Corporate Finance and the Handbook of Financial Markets and Institutions and the author of the recently published books on Recent Advances in Corporate Finance; Investing in Junk Bonds; Default Risk, Mortality Rates and the Performance of Corporate Bonds; Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk; Corporate Financial Distress and Bankruptcy and his most recent work on Managing Credit Risk: The Next Great Financial Challenge (1998). His work has appeared in many languages including French, German, Italian, Japanese, Korean, Portuguese and Spanish.
Dr. Altman's primary areas of research include bankruptcy analysis and prediction, credit and lending policies, risk management in banking, corporate finance and capital markets. He has been a consultant to several government agencies, major financial and accounting institutions and industrial companies and has lectured to executives in North America, South America, Europe, Australia-New Zealand, Asia and Africa. He has testified before the U.S. Congress, the New York State Senate, and several other government and regulatory organizations and is a Director and a member of the Advisory Board of a number of corporate, publishing, academic and financial institutions. Dr. Altman is Chairman of the Board of Trustees of the InterSchool Orchestras of New York and a member of the Board of Trustees of the Museum of American Financial History