"Junk bonds"--high-yield, noninvestment-grade debt--may be emotionally laden but they are nonetheless an established financing vehicle in the United States and increasingly in Europe, of interest to issuing firms, investors, underwriters, traders, regulators, and the media. In "The High-Yield Debt Market: Investment Performance and Economic Impact," Edward Altman brings together investment bankers, congressmen, and scholars to debate the impact of and the prospects for the high-yield debt market. The volume includes the opinions of Fred Joseph, Michael Jensen, Marshall Blume, and Congressman Edward J. Markey, as well as insights from Dr. Altman himself.
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From the Publisher
"Junk Bonds" -- high-yield, noninvestment grade debt -- may be emotionally laden but they are nonetheless an established financing vehicle in the United States and increasingly in Europe. They also are of interest to issuing firms, investors, underwriters, traders, regulators, and the media. In this book, Edward Altman brings together investment bankers, congressmen, and scholars to debate the impact of and the prospects for the high-yield debt market. The volume includes the opinions of Fred Joseph, Michael Jensen, Marshall Blume, and Congressman Edward J. Markey, as well as insights from Dr. Altman himself.
About the Author
Edward I. Altman received an M.B.A and a Ph.D. in Finance from the University of California, Los Angeles. Dr. Altman is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. He has an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt, and credit risk analysis. He has been visiting Professor abroad and has received several international awards. Dr. Altman is one of the founders and an Executive Editor of the Journal of Banking and Finance, has authored or edited over twenty books, and has written more than one hundred articles for scholarly finance, accounting and economic journals.
Other Beard Books by Edward Altman: Bankruptcy and Distressed Restructurings: Analytical Issues and Investment Opportunities Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk Investing in Junk Bonds: Inside the High Yield Debt Market
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