The Rise of Zombie Firms: Causes and Consequences

By R. Banerjee, Boris Hofmann. 2018

195 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1742125b3c6ac7d9cae0fffac72045e659dc64b1

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. C. Borio
2. R. Banerjee
3. Boris Hofmann
4. V. Acharya
5. Tim Eisert
6. Matteo Crosignani
7. Christian Eufinger
8. Mathias Drehmann

Citations in the corpus

• The Covid-19 economic crisis: dangerously unique (2020, background): “The risk is all the greater at unusually low interest rates (Banerjee and Hofmann (2018)).”
• Corporate Zombies: Anatomy and Life Cycle (2020, background): “(2018) have documented that the number of zombie firms has increased significantly across the advanced economies in the wake of the Great Financial Crisis (GFC), while Banerjee and Hofmann (2018) document a longer-lasting trend increase since the 1980s.”
• Zombie Credit and (Dis-)Inflation: Evidence from Europe (2020, background): “As argued by Borio and Hofmann (2017), Borio (2018), and Banerjee and Hofmann (2018) accommodative policy measures reduce financial pressure and thereby fuel the survival of weak firms with unsustainable business models.”