scholarly journals The Real Effects of Zombie Lending in Europe

2019 ◽  
Author(s):  
Belinda Tracey
Keyword(s):  
The Real ◽  
Real Effects ◽  
Zombie Lending

scholarly journals Identifying the Real Effects of Zombie Lending

2020 ◽  
Vol 9 (3) ◽  
pp. 569-592 ◽  
Author(s):  
Fabiano Schivardi ◽  
Enrico Sette ◽  
Guido Tabellini
Keyword(s):  
Firm Performance ◽  
Recent Literature ◽  
Identification Problem ◽  
Policy Response ◽  
The Real ◽  
Real Effects ◽  
Credit Guarantees ◽  
Editorial Decision ◽  
Zombie Lending ◽  
Mechanical Consequence

Abstract The policy response to COVID-19 includes the provision of credit guarantees to firms, a provision that may generate zombie lending. According to the recent literature, the relative performance of healthy firms deteriorates as the fraction of zombies increases. We argue that this literature faces a serious identification problem, because firm performance is often used to define zombies (sometimes implicitly). We show that, under general conditions for the distribution of firm performance, the correlation between healthy firm performance and zombies is a mechanical consequence of an increase in the fraction of zombies with no causal meaning. (JEL E44, G21) Received June 2, 2020; editorial decision June 23, 2020 by Editor Uday Rajan.

The Real Effects of Mandatory Quarterly Reporting

2015 ◽  
Author(s):  
JJrgen Ernstberger ◽  
Benedikt Link ◽  
Michael Stich ◽  
Oliver Vogler
Keyword(s):  
The Real ◽  
Real Effects

The Real Effects of FAS 166 and FAS 167

2016 ◽  
Author(s):  
Yiwei Dou ◽  
Stephen G. Ryan ◽  
Biqin Xie
Keyword(s):  
The Real ◽  
Real Effects

Does Financial Fair Play Matter? The Real Effects of UEFA Regulation for European Football Clubs

2019 ◽  
Author(s):  
Ariela Caglio ◽  
Sébastien Laffitte ◽  
Donato Masciandaro ◽  
Gianmarco I.P. Ottaviano
Keyword(s):  
Fair Play ◽  
The Real ◽  
Real Effects ◽  
Financial Fair Play ◽  
Football Clubs ◽  
European Football
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