author: edward i altman

... Altman's Z - Score Model 117 proximately 45 percent of all firms that failed ... Value of Equity / Book Value of Total Liabilities Equity is measured by the ... Table 10.1 , the means for the two groups for four of the five variables ...

... Chapter X of the Bankruptcy Act , " Harvard Law Review ( November 1938 ) ... Bank Lending , Vol . 51 , No. 11 ( July 1969 ) , pp . 25-31 . Hickman , W.B. ... Test of Credit Rationing , " American Economic Review ( December 1969 ) , pp . 850 ...

... case involving the Meritor Savings Bank of Philadelphia , a U.S. Bankruptcy ... Interco Corp. bankruptcy , the court appointed examiner found that the ... Interco Inc. , et al . , Case # 91-4-00442-172 , U.S. Bankruptcy Court , Eastern ...

... Default Spreads +Relative Standard Deviations In the first approach to computing equity risk premiums, we assumed that the default spreads (actual or implied) for the country were good measures of the additional risk we face when ...