Altman, Edward I.; Kant, Tushar; Rattanaruengyot, Thongchai - In: Journal of Applied Corporate Finance 21 (2009) 3, pp. 53-64
Despite the long experience in the U.S. with restructuring companies in bankruptcy, there remains a persistent tendency for companies to emerge from Chapter 11 with too much debt and too little profitability. In this article, the author uses a variant of his well-known "Z-Score" bankruptcy...