Corporate Financial Distress, Restructuring, and Bankruptcy : Analyze Leveraged Finance, Distressed Debt, and Bankruptcy.

Cover -- Title Page -- Copyright -- Contents -- About the Authors -- Acknowledgments -- Preface -- Part One The Economic and Legal Framework of Corporate Restructuring and Bankruptcy -- Chapter 1 Corporate Financial Distress: Introduction and Statistical Background -- Reasons for Corporate Failures -- Bankruptcy and Reorganization Theory -- Distressed Restructuring in a Nutshell -- The Distressed Restructuring Industry Players -- Bankruptcy Filings -- Chapter 22 Debtors and Bankruptcy Success -- Distress Investing -- Notes -- Chapter 2 An Introduction to Leveraged Finance -- Leveraged Loans: Overview -- Lender Protection -- High-Yield Bonds -- Debt Subordination -- Notes -- Chapter 3 An Overview of the U.S. Bankruptcy Process -- Evolution of the U.S. Bankruptcy Process -- A Primer on Chapter 11 -- Other Key Aspects of Chapter 11 -- ABI Commission Report of 2014 -- Notes -- Chapter 4 Restructuring Out-of-Court and the Cost of Financial Distress -- Costs of Financial Distress -- Restructuring Out of Court -- Notes -- Chapter 5 Valuation of Distressed Firms -- Valuation Methodologies -- Using Estimated Values in Bankruptcy -- How Well Do Valuation Models Work for Distressed Firms? -- Notes -- Chapter 6 Corporate Governance in Distressed Firms -- Manager, Creditor, and Shareholder Interests -- Creditor Control Rights -- Changes in Control and Impact of Claims Trading -- CEOs, Boards, and Labor Markets -- Collective Bargain Agreements (CBA) and Employee Benefits -- Notes -- Chapter 7 Bankruptcy Outcomes -- Outcomes of Chapter 11 Cases -- Postbankruptcy Performance -- Implications for Efficiency of Chapter 11 -- Notes -- Chapter 8 International Evidence -- China -- France -- Germany -- India -- Japan -- Sweden -- The United Kingdom (England and Wales) -- Cross-Border Insolvencies -- Notes.

Part Two High-Yield Debt, Prediction of Corporate Distress, and Distress Investing -- Chapter 9 The High-Yield Bond Market: Risks and Returns for Investors and Analysts -- Chapter 10 A 50-Year Retrospective on Credit Risk Models, the Altman Z-Score Family of Models, and Their Applications to Financial Markets and Managerial Strategies -- The Evolution of Corporate Credit Scoring Systems -- From a Scoring Model to Default Prediction -- Scholarly Impact -- Financial Distress Prediction Applications -- Conclusion -- Notes -- Chapter 11 Applications of Distress Prediction Models: By External Analysts -- Notes -- Chapter 12 Distress Prediction Models: Catalysts for Constructive Change-Managing a Financial Turnaround -- Note -- Chapter 13 A Bottom-Up Approach to Assessing Sovereign Default Risk -- Notes -- Chapter 14 The Anatomy of Distressed Debt Markets -- Size of the Distressed and Defaulted Debt Market -- Distressed Securities Investors -- Capital Structure Arbitrage -- Conclusion -- Notes -- Chapter 15 Investing in Distressed Firm Securities -- Literature Review -- Measuring and Investing in Defaulted and Distressed Debt Securities -- Conclusion -- Notes -- Chapter 16 Modeling and Estimating Recovery Rates -- Credit Risk Models and Their Treatment of RR -- Statistical Models and Empirical Evidence -- Notes -- References -- Author Index -- Subject Index -- EULA.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.