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Moving towards a more dynamic business sector in Spain

González Pandiella, Alberto - 2014

be relieved. This would be facilitated by more efficient insolvency procedures and further development of non …

Persistent link: https://www.econbiz.de/10010464863

Insolvency regimes, technology diffusion and productivity growth : evidence from firms in OECD countries

McGowan, Muge Adalet; Andrews, Dan; Millot, Valentine - 2017

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

Persistent link: https://www.econbiz.de/10011823606

Fear the walking dead : zombie firms, spillovers and exit barriers

Gouveia, Ana Fontoura; Osterhold, Christian - 2018

Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent strand of literature focuses on the role of non-viable firms (“zombie firms”) to explain these developments. Using a rich firm-level dataset for one of the OECD countries...

Persistent link: https://www.econbiz.de/10011975694

Unconventional monetary policy and productivity : evidence on the risk-seeking channel from us corporate bond markets

Albrizio, Silvia; Conesa, Marina; Dlugosch, Dennis; … - 2019

We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US between 2008 and 2016. Using monetary policy surprises, obtained from changes in interest rates futures in narrow windows around FOMC announcements, we isolate the increased...

Persistent link: https://www.econbiz.de/10011975741

Insolvency and debt overhang following the COVID-19 outbreak : assessment of risks and policy responses

Demmou, Lilas; Calligaris, Sara; Franco, Guido; … - 2020

This paper investigates the likelihood of corporate insolvency and the potential implications of debt overhang of non …

Persistent link: https://www.econbiz.de/10012421296

Exploring options to measure the climate consistency of real economy investments : the transport sector in Latvia

Dobrinevski, Alexander; Jachnik, Raphaël - 2020

Mitigating climate change requires aligning real economy investments with climate objectives. This pilot study measures the climate consistency of investments in transport infrastructure and vehicles in Latvia between 2008 and 2018, estimated at EUR 1.5 billion per year on average. To do so,...

Persistent link: https://www.econbiz.de/10012422659