Hamano, Masashige; Schnattinger, Philip; Shintani, Mototsugu - 2025
model links credit market tightness -encapsulating the abundance of credit- to the search and opportunity costs of credit …-shaped relationship between credit market tightness and the share of zombie lending. High bargaining power of firms decreases the … theoretical predictions by constructing theory-consistent measures of credit market tightness and bargaining power. Consistent …