Altman’s research publications

Edward Altman is best known for his research on credit risk and corporate bankruptcy prediction. He developed the Altman Z-Score, a formula used to assess the financial health of companies and predict the likelihood of bankruptcy. This scoring system combines various financial ratios to provide a quick insight into a company's risk level. His work has significant implications for investors, creditors, and policymakers, as it helps identify potentially distressed companies, ultimately contributing to better financial decision-making and risk management in business.