design of insolvency regimes is relevant for understanding three inter-related sources of contemporary labour productivity …This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators … for 2010 and 2016 – aim to better capture the key design features of insolvency which impact the timely initiation and …

Policies that spur more efficient corporate restructuring can revive productivity growth by targeting three inter …-related sources of labour productivity weakness: the survival of “zombie” firms (low productivity firms that would typically exit in a … much scope to improve the design of insolvency regimes in order to reduce the barriers to restructuring of weak firms and …

-factor productivity (MFP) growth, using new OECD indicators of the design of insolvency regimes. Firm-level analysis shows that reforms to …This paper explores the link between the design of insolvency regimes across countries and laggard firms’ multi … insolvency regimes that lower barriers to corporate restructuring are associated with higher MFP growth of laggard firms. These …

their interest payments – are stifling labour productivity performance. The results show that the prevalence of and … resources sunk in zombie firms have risen since the mid-2000s and that the increasing survival of these low productivity firms … productivity-enhancing capital reallocation. Besides limiting the expansion possibilities of healthy incumbent firms, market …

which they shape aggregate productivity growth. A range of potentially relevant policies are identified, spanning insolvency … environment regulations. These policies can directly shape aggregate productivity along the exit margin through a variety of … orderly exit of failing firms, the efficiency of insolvency regimes emerges as particularly crucial. Thus, the paper analyses …

efficient resource allocation and enabling productivity growth. …Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent … productivity down. Moreover, while we find evidence of positive selection within zombies, with the most productive restructuring …

Does finance facilitate efficient allocation of resources? Our aim in this paper is to find out whether increases in …

This paper updates of the OECD Insolvency framework indicator, which summarises the main features of insolvency systems …), most countries have enhanced their insolvency frameworks, notably early warning systems and pre-insolvency procedures … lacking. However, many countries report future insolvency reform plans. The paper also highlights the importance of efficient …