This document has not been cited yet.

1. Acharya, V. V., Crosignani, M., Eisert, T., and Steffen, S., 2022. Zombie lending: Theoretical, international, and historical perspectives. Annual Review of Financial Economics, 14, 21–38.

2. Acharya, V. V., Eisert, T., Eufinger, C., and Hirsch, C., 2019. Whatever it takes: The real effects of unconventional monetary policy. Review of Financial Studies, 32(9), 3366–3411.

3. Albuquerque, B., and Iyer, R., 2023. The rise of the walking dead: Zombie firms around the world. IMF Working Paper WP/23/125.

4. Bergant, K. and Kokerols, T., 2020. Forbearance patterns in the post-crisis period. IMF Working Paper WP/20/140.
   Paper not yet in RePEc: Add citation now
   

5. Blattner, L., Farinha, L., and Rebelo, F., 2023. When losses turn into loans: The cost of weak banks.

6. Blazy, R., Martel, J., and Nigam, N., 2014. The choice between informal and formal restructuring: The case of French banks facing distressed SMEs. Journal of Banking & Finance, 44, 248‒263.

7. Brunnermeier, M., and Krishnamurthy, A. 2020. Corporate debt overhang and credit policy. Brookings Papers on Economic Activity, Summer 2020, 447‒488.

8. Caballero, R. J., Hoshi, T., and Kashyap, A. K., 2008. Zombie lending and depressed restructuring in Japan. American Economic Review, 98(5), 1943‒77.

9. Chu, Y., 2021. Debt renegotiation and debt overhang: Evidence from lender mergers. Journal of Financial and Quantitative Analysis, 56(3), 995‒1021.

10. Coughlan, A., and Schmidt, R., 1985. Executive compensation, management turnover, and firm performance: An empirical investigation, Journal of Accounting and Economics, 7(1‒3), 43‒66.

11. Davydenko, S.A., Franks J. R., 2008. Do bankruptcy codes matter? A study of defaults in France, Germany, and the U.K. Journal of Finance, 63(2), 565‒608.

12. Demiroglu, C., and James, C., 2015. Bank loans and troubled debt restructurings. Journal of Financial Economics, 118(1), 192‒210.

13. Dun & Bradstreet, 2021. Global Bankruptcy Report 2021.
    Paper not yet in RePEc: Add citation now
    
14. Franks, J., and Sussman. O., 2005. Financial distress and bank restructuring of small to medium size UK companies. Review of Finance, 9(1), 65‒96.
    Paper not yet in RePEc: Add citation now
    
15. Franks, J., and Torous, W. N., 1989.An empirical investigation of U.S. firms in reorganization. Journal of Finance, 44(3), 747‒769.
    Paper not yet in RePEc: Add citation now
    
16. FSB (Financial Stability Board), 2022. Thematic Review on Out-of-Court Corporate Debt Workouts.
    Paper not yet in RePEc: Add citation now
    
17. Fukuda, S., and Nakamura, J., 2011. Why did ‘zombie’ firm recover in Japan? World Economy, 34(7), 1124‒1137.
    Paper not yet in RePEc: Add citation now
    

18. Fukuda, S., Kasuya, M., and Akahashi, K., 2009. Impaired bank health and default risk. Pacific-Basin Finance Journal, 17(2), 145‒162.

19. Gilson, S., John, K., and Lang L., 1990. Troubled debt restructuring: An empirical study of private reorganizations of firms in default. Journal of Financial Economics, 27(2), 315‒354.
    Paper not yet in RePEc: Add citation now
    
20. Giroud. X., Mueller, H. M., and Westerkamp, A., 2011. Snow and leverage. Review of Financial Studies, 25(3), 680–710.
    Paper not yet in RePEc: Add citation now
    
21. Goto, N., Uchida, K., 2012. How do banks resolve firms’ financial distress? Evidence from Japan. Review of Quantitative Finance and Accounting, 38(4), 455‒478.
    Paper not yet in RePEc: Add citation now
    

22. Goto, Y., and Wilbur, S., 2019. Unfinished business: Zombie firms among SME in Japan’s lost decades. Japan & The World Economy, 49, 105‒122.

23. Gourinchas, P., Kalemli-Özcan, S., Penciakova, V., and Sander, N., 2021. COVID-19 and small- and medium-sized enterprises: A 2021 “time bomb”? AEA Papers and Proceedings, 111, 282‒286.
    Paper not yet in RePEc: Add citation now
    

24. Haugen, R.A., and Senbet, L.W., 1978. The insignificance of bankruptcy costs to the theory of optimal capital structure. Journal of Finance, 33(2), 383‒393.

25. Honda, T., Hosono, K., Miyakawa, D., Ono, A., and Uesugi, I., 2023. Determinants and Effects of the Use of COVID-19 Business Support Programs in Japan. Journal of the Japanese and International Economies, 67, 101239.
    Paper not yet in RePEc: Add citation now
    

26. Hoshi, T., Kawaguchi, D., Ueda, K., 2023. Zombies, again? The COVID-19 business support programs in Japan. Journal of Banking & Finance, 147, 106421.

27. Hotchkiss, E. S., John, K., Mooradian, R. M., and Thorburn, K. S., 2008. Bankruptcy and the resolution of financial distress. In Handbook of Empirical Corporate Finance Vol. 2 (Ed. B. E. Eckbo), Chapter 12, Elsevier, 235‒287.
    Paper not yet in RePEc: Add citation now
    

28. Inoue, K., Uchida, K., and Bremer, M., 2010. Post-restructuring performance in Japan. Pacific-Basin Finance Journal, 18(5), 494‒508.

29. Jordà, O., Kornejew, M., Schularick, M., and Taylor, A. M., 2022. Zombie at large? Corporate debt overhang and the macroeconomy. Review of Financial Studies, 35(10), 4561–4586.

30. Jostarndt, P., and Sautner, Z., 2010. Out-of-Court restructuring versus formal bankruptcy in a noninterventionist bankruptcy setting. Review of Finance, 14(4), 623–668.

31. Kang, J-K, and Shivdasani, A., 1995. Firm performance, corporate governance, and top executive turnover in Japan. Journal of Financial Economics, 38(1), 29–58.
    Paper not yet in RePEc: Add citation now
    

32. Kanz, M., 2016. What does debt relief do for development? Evidence from India’s bailout for rural households. American Economic Journal: Applied Economics, 8(4), 66–99.

33. Kaplan, S., 1994a. Top executives, turnover, and firm performance in Germany, Journal of Law, Economics, and Organization 10(1), 142–159.

34. Kaplan, Steven, 1994b, Top executive rewards and firm performance: A comparison of Japan and the United States, Journal of Political Economy 102(3), 510–546.
    Paper not yet in RePEc: Add citation now
    

35. Kose, M. Ayhan, Ohnsorge, Franziska, and Sugarawa, Naotaka, 2021. A Mountain of Debt Navigating the Legacy of the Pandemic, Policy Research Working Paper 9800, World Bank Group.

36. McConell, J. J., and Servaes, H., 2023. The economics of prepackaged bankruptcy. Journal of Applied Corporate Finance, 35(1), 16–19.

37. Miyakawa, D., Ohashi, K., Ono, A., and Yasuda, Y., 2018. Forgiveness versus financing: The determinants and impact of SME debt forbearance in Japan, working paper presented at the Japan Economic Seminar, Columbia Business School, March 8, 2019.
    Paper not yet in RePEc: Add citation now
    

38. Myers, S. C., 1977. Determinants of corporate borrowing. Journal of Financial Economics, 5(2), 147– 175.

39. Peek, J., and Rosengren, E., 2005. Unnatural selection: Perverse incentives and the misallocation of credit in Japan. American Economic Review, 95(4), 1144–1166.

40. Pelosi, M., Rodano, G., and Sette, E. 2021. Zombie firms and the take-up of support measures during Covid-19. Bank of Italy Occasional Paper No. 650.
    Paper not yet in RePEc: Add citation now
    

41. Srhoj, S., Kovač, D., Shapiro, J. N., and Filer, R. K., 2023. The impact of delay: Evidence from formal out-of-court restructuring. Journal of Corporate Finance, 78, 102319.

42. Titman, S., 1984. The effect of capital structure on a firm’s liquidation decision. Journal of Financial Economics, 13(1), 137–151.
    Paper not yet in RePEc: Add citation now
    

1. How do macroprudential policies affect corporate investment? Insights from EIBIS data. (2025). Baskaya, Yusuf ; Shi, Shuren ; Alper, Koray.
   In: EIB Working Papers.
   RePEc:zbw:eibwps:310332.

   Full description at Econpapers || Download paper

2. Bank lending and firm internal capital markets following a deglobalization shock. (2025). Vogel, Ursula ; Nagengast, Arne ; Imbierowicz, Bjrn ; Prieto, Esteban.
   In: Discussion Papers.
   RePEc:zbw:bubdps:314411.

   Full description at Econpapers || Download paper

3. Credit Market Tightness and Zombie Firms: Theory and Evidence. (2025). Zanetti, Francesco ; Hamano, Masashige ; Uesugi, Iichiro ; Shintani, Mototsugu ; Schnattinger, Philip.
   In: Working Papers.
   RePEc:wap:wpaper:2416.

   Full description at Econpapers || Download paper

4. SME crisis management and performance: leveraging algorithm supported induction to unravel complexity. (2025). Graham, Byron ; Matikonis, Karolis.
   In: Journal of Computational Social Science.
   RePEc:spr:jcsosc:v:8:y:2025:i:3:d:10.1007_s42001-025-00383-x.

   Full description at Econpapers || Download paper

5. Credit Market Tightness and Zombie Firms: Theory and Evidence. (2025). Zanetti, Francesco ; Hamano, Masashige ; Uesugi, Iichiro ; Shintani, Mototsugu ; Schnattinger, Philip.
   In: Economics Series Working Papers.
   RePEc:oxf:wpaper:1065.

   Full description at Econpapers || Download paper

6. Sailing through Troubled Waters: Evidence from the APOIAR Program. (2025). Martins, Ana ; Dos, Joao Pereira ; Pozzobon, Fernando.
   In: GEE Papers.
   RePEc:mde:wpaper:190.

   Full description at Econpapers || Download paper

7. Credit Market Tightness and Zombie Firms : Theory and Evidence. (2025). Zanetti, Francesco ; Hamano, Masashige ; Uesugi, Iichiro ; Shintani, Mototsugu ; Schnattinger, Philip.
   In: RCESR Discussion Paper Series.
   RePEc:hit:rcesrs:dp25-2.

   Full description at Econpapers || Download paper

8. Bank competition and formation of zombie firms: Evidence from banking deregulation in China. (2025). Zou, Jingxian ; Li, Xuchao ; Shao, Xiang ; Shen, Guangjun.
   In: Journal of Banking & Finance.
   RePEc:eee:jbfina:v:172:y:2025:i:c:s0378426625000111.

   Full description at Econpapers || Download paper

9. Credit Market Tightness and Zombie Firms: Theory and Evidence. (2025). Zanetti, Francesco ; Hamano, Masashige ; Uesugi, Iichiro ; Shintani, Mototsugu ; Schnattinger, Philip.
   In: CIGS Working Paper Series.
   RePEc:cnn:wpaper:25-005e.

   Full description at Econpapers || Download paper

10. Bank Lending and Firm Internal Capital Markets Following a Deglobalization Shock. (2025). Vogel, Ursula ; Nagengast, Arne ; Prieto, Esteban ; Imbierowicz, Bjrn.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_11775.

    Full description at Econpapers || Download paper

11. Credit Market Tightness and Zombie Firms: Theory and Evidence. (2025). Zanetti, Francesco ; Hamano, Masashige ; Uesugi, Iichiro ; Shintani, Mototsugu ; Schnattinger, Philip.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_11640.

    Full description at Econpapers || Download paper

12. Do zombie firms affect healthy firms exporting? Evidence from China. (2024). Pi, Jiancai ; Du, Julan ; Bu, Jing.
    In: Economics of Transition and Institutional Change.
    RePEc:wly:ectrin:v:32:y:2024:i:3:p:707-738.

    Full description at Econpapers || Download paper

13. Global zombie companies: measurements, determinants, and outcomes. (2024). Wang, Wei ; Dai, Rui ; Altman, Edward I.
    In: Journal of International Business Studies.
    RePEc:pal:jintbs:v:55:y:2024:i:6:d:10.1057_s41267-024-00689-4.

    Full description at Econpapers || Download paper

14. Regulatory and contextual factors influencing earnings and capital management decisions: evidence from the European banking sector. (2024). Casciello, Raffaela ; Maffei, Marco ; Ziebart, David A.
    In: Review of Quantitative Finance and Accounting.
    RePEc:kap:rqfnac:v:63:y:2024:i:1:d:10.1007_s11156-024-01253-9.

    Full description at Econpapers || Download paper

15. Anatomy of Out-of-Court Debt Workouts for SMEs. (2024). Uesugi, Iichiro ; Ono, Arito ; Yasuda, Yukihiro ; Honda, Tomohito.
    In: RCESR Discussion Paper Series.
    RePEc:hit:rcesrs:dp24-2.

    Full description at Econpapers || Download paper

16. The Extent and Efficiency of Credit Reallocation During Economic Downturns. (2024). Uesugi, Iichiro ; Sakai, Koji.
    In: JRFM.
    RePEc:gam:jjrfmx:v:17:y:2024:i:12:p:574-:d:1547766.

    Full description at Econpapers || Download paper

17. Zombie Lending to U.S. Firms. (2024). Minoiu, Camelia ; Favara, Giovanni ; Perez-Orive, Amber.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:99033.

    Full description at Econpapers || Download paper

18. Zombie-lending during the pandemic in India: Did the Central Bank reduce credit misallocation concerns of forbearance?. (2024). Chakrabarti, Prasenjit ; Kaur, Jasmeet.
    In: Journal of Policy Modeling.
    RePEc:eee:jpolmo:v:46:y:2024:i:1:p:153-170.

    Full description at Econpapers || Download paper

19. Mandatory disclosure and bank earnings management in India. (2024). Naresh, G ; Dayanandan, Ajit ; Bhusan, Soumik.
    In: Emerging Markets Review.
    RePEc:eee:ememar:v:62:y:2024:i:c:s1566014124000827.

    Full description at Econpapers || Download paper

20. Can common institutional ownership inhibit the formation of zombie firms? Evidence from China. (2024). Ding, Hao.
    In: Asian-Pacific Economic Literature.
    RePEc:bla:apacel:v:38:y:2024:i:1:p:34-56.

    Full description at Econpapers || Download paper

21. Loan Recoveries and the Financing of Zombie Firms over the Business Cycle. (2023). Huizinga, Harry ; Horvath, Balint ; Demirguc-Kunt, Asli.
    In: Other publications TiSEM.
    RePEc:tiu:tiutis:f86d5fb2-4829-426b-b026-b9fe12b9e932.

    Full description at Econpapers || Download paper

22. Loan Recoveries and the Financing of Zombie Firms over the Business Cycle. (2023). Huizinga, Harry ; Horvath, Balint ; Demirguc-Kunt, Asli.
    In: Discussion Paper.
    RePEc:tiu:tiucen:f86d5fb2-4829-426b-b026-b9fe12b9e932.

    Full description at Econpapers || Download paper

23. Balancing Progress and Sustainability : Industrial Innovations Impact on Europes Emission Management, Economic Expansion, and Financial Growth. (2023). Saleem, Sardar Fawad ; Li, Hongying ; Mone, Firicel ; Ma, Chao.
    In: Journal for Economic Forecasting.
    RePEc:rjr:romjef:v::y:2023:i:3:p:129-147.

    Full description at Econpapers || Download paper

24. Do Banks Lend to Distressed Firms?. (2023). Sanchez, Juan ; Paul, Pascal ; Faria-e-Castro, Miguel.
    In: FRBSF Economic Letter.
    RePEc:fip:fedfel:97377.

    Full description at Econpapers || Download paper

25. Anatomy of Out-of-court Debt Workouts for SMEs. (2023). Uesugi, Iichiro ; Ono, Arito ; Yukihiro, Yasuda ; Iichiro, Uesugi ; Arito, Ono ; Tomohito, Honda.
    In: Discussion papers.
    RePEc:eti:dpaper:23088.

    Full description at Econpapers || Download paper

26. Determinants and effects of the use of COVID-19 business support programs in Japan. (2023). Uesugi, Iichiro ; Ono, Arito ; Hosono, Kaoru ; Honda, Tomohito ; Miyakawa, Daisuke.
    In: Journal of the Japanese and International Economies.
    RePEc:eee:jjieco:v:67:y:2023:i:c:s088915832200048x.

    Full description at Econpapers || Download paper

27. Supporting small firms through recessions and recoveries. (2023). Bonfim, Diana ; Custodio, Claudia ; Raposo, Clara.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:147:y:2023:i:3:p:658-688.

    Full description at Econpapers || Download paper

28. Distressed firms, zombie firms and zombie lending: A taxonomy. (2023). Mayordomo, Sergio ; Álvarez-Román, Laura ; Garcia-Posada, Miguel ; Alvarez, Laura.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:149:y:2023:i:c:s0378426623000067.

    Full description at Econpapers || Download paper

29. Unveiling living dead: characteristics and consequences of zombie firms. (2022). Rashid, Tayyiba ; Khan, Kanwal Iqbal ; Nasir, Adeel.
    In: Cogent Business & Management.
    RePEc:taf:oabmxx:v:9:y:2022:i:1:p:2121240.

    Full description at Econpapers || Download paper

30. Determinants and Effects of the Use of COVID-19 Business Support Programs in Japan. (2022). Uesugi, Iichiro ; Ono, Arito ; Hosono, Kaoru ; Honda, Tomohito ; Miyakawa, Daisuke.
    In: RCESR Discussion Paper Series.
    RePEc:hit:rcesrs:dp22-5.

    Full description at Econpapers || Download paper

31. Loan renegotiation and the long-term impact on total factor productivity. (2022). Sánchez Serrano, Antonio.
    In: Latin American Journal of Central Banking (previously Monetaria).
    RePEc:eee:lajcba:v:3:y:2022:i:4:s266614382200028x.

    Full description at Econpapers || Download paper

32. Distressed firms, zombie firms and zombie lending: a taxonomy. (2022). Mayordomo, Sergio ; Álvarez-Román, Laura ; Garcia-Posada, Miguel ; Alvarez, Laura.
    In: Working Papers.
    RePEc:bde:wpaper:2219.

    Full description at Econpapers || Download paper

33. Estimating Dynamic Spillover Effects along Multiple Networks in a Linear Panel Model. (2022). Song, Kyungchul ; Possnig, Clemens ; Rotuarescu, Andreea.
    In: Papers.
    RePEc:arx:papers:2211.08995.

    Full description at Econpapers || Download paper

Report date: 2025-10-05 19:38:24 || Missing content? Let us know