Price collapses in dotcoms and telecoms have fostered a comeback in the fundamental analysis identified with Benjamin Graham (1894-1976). Defining Graham's method is no simple task, however; his thinking evolved considerably over a 60-year career. Reducing Graham's approach to a quantitative...

As companies in the international emerging markets (especially Latin America, Eastern Europe and the Asia/Pacific region) begin to issue noninvestment grade corporate bonds in the global financial markets, many are modifying their accounting practices to increase their appeal to investors....

Determinants of the aggregate default rate on high-yield bonds have been of interest at least since 1990 - 1991, when the proportion of defaulting issued reached effectively its highest level since the Great Depression. With recovery by the mid-19902, and a new record volume of issuance in 1993,...