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Breaking the Shackles: Zombie Firms, Weak Banks and Depressed Restructuring in Europe

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/breaking-the-shackles_0815ce0c-en.html
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This paper explores the connection between “zombie” firms (firms that would typically exit in a competitive market) and bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the results show that zombie firms are more likely to be connected to weak banks, suggesting that the zombie...
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