Altman, Edward (American finance scholar)

Edward Altman is an American finance scholar best known for developing the Altman Z-Score, a financial formula used to predict the likelihood of a company entering bankruptcy. This score combines various financial metrics, such as profitability, leverage, and liquidity, to assess a firm's financial health. Altman’s work has significantly influenced credit risk assessment and corporate finance practices, helping investors and analysts identify potential financial distress in companies. His contributions extend beyond the Z-Score, as he has published extensively on corporate finance and investment analysis, making him a respected figure in the field of finance.