|
|
|
|
| LEADER |
03912nmm a2200865 u 4500 |
| 001 |
EB002176302 |
| 003 |
EBX01000000000000001314079 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
231004 ||| eng |
| 020 |
|
|
|a 9798400246890
|
| 100 |
1 |
|
|a Albuquerque, Bruno
|
| 245 |
0 |
0 |
|a The Rise of the Walking Dead: Zombie Firms Around the World
|c Bruno Albuquerque, Roshan Iyer
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2023
|
| 300 |
|
|
|a 69 pages
|
| 653 |
|
|
|a Asset requirements
|
| 653 |
|
|
|a Credit
|
| 653 |
|
|
|a Public Administration
|
| 653 |
|
|
|a Finance
|
| 653 |
|
|
|a Labour; income economics
|
| 653 |
|
|
|a Employment; Economic theory
|
| 653 |
|
|
|a Financial sector policy and analysis
|
| 653 |
|
|
|a Financial statements
|
| 653 |
|
|
|a Capital and Total Factor Productivity
|
| 653 |
|
|
|a Cost
|
| 653 |
|
|
|a Production
|
| 653 |
|
|
|a Aggregate Labor Productivity
|
| 653 |
|
|
|a Intangible Capital
|
| 653 |
|
|
|a Money
|
| 653 |
|
|
|a Labor
|
| 653 |
|
|
|a Economics of specific sectors
|
| 653 |
|
|
|a Currency crises
|
| 653 |
|
|
|a Cycles
|
| 653 |
|
|
|a Accounting
|
| 653 |
|
|
|a Multiple or Simultaneous Equation Models: Models with Panel Data
|
| 653 |
|
|
|a Public Sector Accounting and Audits
|
| 653 |
|
|
|a Liquidation
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Public financial management (PFM)
|
| 653 |
|
|
|a Financial reporting, financial statements
|
| 653 |
|
|
|a Capacity
|
| 653 |
|
|
|a Firm Behavior: Empirical Analysis
|
| 653 |
|
|
|a Capital
|
| 653 |
|
|
|a Countercyclical capital buffers
|
| 653 |
|
|
|a Employment
|
| 653 |
|
|
|a Economic & financial crises & disasters
|
| 653 |
|
|
|a Investment
|
| 653 |
|
|
|a Monetary economics
|
| 653 |
|
|
|a Bankruptcy
|
| 653 |
|
|
|a General Financial Markets: Government Policy and Regulation
|
| 653 |
|
|
|a Economics: General
|
| 653 |
|
|
|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
|
| 653 |
|
|
|a Debt
|
| 653 |
|
|
|a Unemployment
|
| 653 |
|
|
|a Informal sector; Economics
|
| 653 |
|
|
|a Financial Institutions and Services: Government Policy and Regulation
|
| 653 |
|
|
|a Aggregate Human Capital
|
| 653 |
|
|
|a Solvency
|
| 653 |
|
|
|a Banks and Banking
|
| 653 |
|
|
|a Finance, Public; Accounting
|
| 653 |
|
|
|a Financial regulation and supervision
|
| 653 |
|
|
|a Business Fluctuations
|
| 653 |
|
|
|a Wages
|
| 653 |
|
|
|a Intergenerational Income Distribution
|
| 653 |
|
|
|a Money and Monetary Policy
|
| 653 |
|
|
|a Finance: General
|
| 653 |
|
|
|a Financial services law & regulation
|
| 700 |
1 |
|
|a Iyer, Roshan
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Working Papers
|
| 028 |
5 |
0 |
|a 10.5089/9798400246890.001
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2023/125/001.2023.issue-125-en.xml?cid=534866-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a We build a new dataset of listed and private nonfinancial zombie firms for a large set of Advanced Economies and Emerging Markets over the last two decades. We find that the share of these unproductive and unviable firms has been rising worldwide, especially since the GFC and the Covid-19 pandemic. We show that, perhaps surprisingly, the incidence of zombification is lower among private firms. Lower average survival rates of private firms may explain this phenomenon. We find important negative macrofinancial spillovers from zombie firms: nonzombies’ financial performance is persistently reduced in industries populated with a greater number of zombies. To mitigate these effects, we document that countries with stronger banks, and tighter macroprudential policies tend to have fewer zombies and stronger nonzombies. Strengthening the banking sector may, however, not be sufficient if insolvency frameworks are not well-prepared to deal with the restructuring or insolvency of firms
|