# Professor Edward Altman's research on corporate bankruptcy is referenced in a story about Lehman Brothers

1 Faculty News January 16, 2019 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](https://www.wsj.com/articles/fed-says-lehman-brothers-chapter-11-case-is-costliest-in-history-11547673357)[ ](https://www.wsj.com/articles/who-read-what-in-2018-politics-and-policy-1544454033)-- "Several studies from corporate-finance scholars [Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman) of NYU and Edith Hotchkiss of Boston College have found that the average expense for a major corporate bankruptcy fell between 1.4% and 3.4% of a company’s overall asset worth, the report said."

[Read more](https://www.wsj.com/articles/fed-says-lehman-brothers-chapter-11-case-is-costliest-in-history-11547673357)