Results 131 to 140 of about 280 (183)
The associated network embedded decision-making authority allocation and risk-taking of enterprise groups. [PDF]
PLoS OneWang N, Wang F.
europepmc +1 more source
Some of the next articles are maybe not open access.
Related searches:
Related searches:
SSRN Electronic Journal, 2022
We show that U.S. banks do not engage in zombie lending to firms of deteriorating profitability, irrespective of capital levels and exposure to such firms. In contrast, unregulated financial intermediaries do, originating more and cheaper loans to these firms.
Favara, Giovanni +2 more
openaire +2 more sources
We show that U.S. banks do not engage in zombie lending to firms of deteriorating profitability, irrespective of capital levels and exposure to such firms. In contrast, unregulated financial intermediaries do, originating more and cheaper loans to these firms.
Favara, Giovanni +2 more
openaire +2 more sources
Why Did ‘Zombie’ Firms Recover in Japan? [PDF]
The World Economy, 2011 AbstractThe Japanese economy experienced prolonged recessions during the 1990s. Previous studies suggest that evergreen lending to troubled firms known as ‘zombie firms’ distorted market discipline in terms of stabilising the economy and caused significant delays in its recovery. However, the eventual bankruptcy of zombies was rare. The purpose of this
Shin-ichi Fukuda, Jun-ichi Nakamura
openaire +2 more sources
Zombies: Who are they and how do firms become zombies?
Journal of Small Business Management, 2020Inefficient and uncompetitive companies operating in the economy are a significant impediment to sustainable economic growth. This article contributes to the knowledge on so-called zombie firms.
Ivana Blažková, Ondřej Dvouletý
openaire +1 more source
What do we know about zombie firms?
Bankers, Markets & Investors, 2022In recent years, the zombification of firms has become a global phenomenon. It began in Asia but has spread significantly, especially during the COVID-19 pandemic. Many studies outline some determinants and consequences of the phenomenon for firms, banks, and the economy. However, to date, no synthesis has been published.
Séverin, Éric, Veganzones, David
openaire +2 more sources
Zombie Firms in Network: Congestion and Evergreening [PDF]
Economic ModellingWe explore the spillover impact of zombie firms in Türkiye by exploiting a rich administrative dataset that contains firm-level information on balance sheets, inter-firm sales, employment, and firm-bank level credit records. We document four key facts regarding zombie dynamics: (i) Leveraging matched firm-bank level credit registry data, we highlight ...
Okan Akarsu +2 more
openaire +1 more source
Zombie Firms: Prevalence, Determinants, and Corporate Policies
SSRN Electronic Journal, 2020Using a comprehensive dataset of firms from seventy-nine countries, we document the incidence, determinants, and corporate policies of zombie firms from 2005 through 2016. Zombie firms account for roughly 10% of our observations. Using logit regressions, we find strong and robust evidence that countries with more efficient debt enforcement environments
Sadok El Ghoul +2 more
openaire +1 more source
'Zombie' Banks Make 'Zombie' Firms
SSRN Electronic Journal, 2011This paper finds evidence that regulatory forbearance toward weakly capitalized banks, which creates “zombie” banks, leads to the creation of “zombie” firms in the Japanese banking crisis of 1997-2003. Capital weak banks bankrupt large borrowers at higher levels of indebtedness than similar firms with better capitalized banks.
openaire +1 more source