Edward I. Altman (Economics Professor)

Edward I. Altman is a prominent economics professor known for his work in finance, particularly in credit risk assessment and bankruptcy prediction. He developed the Altman Z-score, a formula that gauges a company's probability of financial distress based on various financial ratios. This tool has become vital for investors and analysts to evaluate a company's health and creditworthiness. Altman’s contributions have significantly influenced corporate finance, risk management, and investment strategies, making him a respected figure in the fields of finance and economics.