Results 161 to 170 of about 296 (198)
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Distressed firms, zombie firms and zombie lending: A taxonomy
Journal of Banking & Finance, 2021Laura Álvarez Román +2 more
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Are zombie firms really contagious?
2023We test the hypotheses that zombie firms are less productive and have lower employment growth and lower gross investment ratios than non-zombie firms in the same industry sector and that they are a source of contagion for the latter. Ever since Caballero et al.
Ernst, Norbert, Sigmund, Michael
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1990
Abstract The “zombie effect” is the additional incentive to borrow funds and make risky investments created by insolvency of a firm. The zombie effect can be neutralized by risk sensitivity in the cost of credit to the insolvent firm. It can be quite strong if the insolvent firm can obtain credit at risk-insensitive costs and receives
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Abstract The “zombie effect” is the additional incentive to borrow funds and make risky investments created by insolvency of a firm. The zombie effect can be neutralized by risk sensitivity in the cost of credit to the insolvent firm. It can be quite strong if the insolvent firm can obtain credit at risk-insensitive costs and receives
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Zombies Firms in Ecuador: The Case of Communication Firms
2022 17th Iberian Conference on Information Systems and Technologies (CISTI), 2022Reinaldo Armas, Angel Higuerey
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The deflationary risk of zombie firms
The deflationary risk of zombie firms: Evidence from China's listed ...openaire +1 more source
Fictitious Capital, Valorisation, Zombie-Firms
2023In the years leading up the 2008-09 crisis, the leverage ratio has increased. At the end of Q3 2020, the IMF’s Global Debt Database shows that total global debt reached US$275 tn. A not insignificant part of this debt is fictitious capital. Usually, a share of the global capital stock is inactive, while the remainder is valorised at a low profit rate ...
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Zombie firms and corporate risk-taking
Managerial FinancePurpose This paper examines how subsidized credit affects the risk-taking behavior of zombie firms – businesses that have lost economic viability and ideally should have exited the market but persistently operate by relying on external support.
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Zombie firms: Prevalence, determinants, and corporate policies
Finance Research Letters, 2021Omrane Guedhami, Sadok El Ghoul
exaly
Zombie firms and corporate savings: Evidence from Chinese manufacturing firms
International Review of Economics and Finance, 2022Ling Feng, Tingting Pei
exaly