Zombie companies and the Covid-19 crisis: the case of Europe
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/127270 |
Resumo: | This research examines the zombification phenomenon that characterises Europe. I find that from the Great Financial Crisis, zombie share using all three zombies’ definitions has increased together with their probability of surviving. I observe that zombie companies tend to be of small size and exhibit low growth and profitability figures. Breakdown of zombies by countries and industries signal that zombie share is higher for countries that suffered the most from the Sovereign Debt Crisis and in those industries that are sensitive to adverse shocks. Banks’ profitability helps to understand the increase number of zombie companies in Europe. When addressing the possible wave of European bankruptcies, I explain how policy makers’ intervention to limit the damage caused by the Covid-19 crisis, is likely to create new zombies. |
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Zombie companies and the Covid-19 crisis: the case of EuropeZombie companiesZombie lendingProductivityBankruptcyDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis research examines the zombification phenomenon that characterises Europe. I find that from the Great Financial Crisis, zombie share using all three zombies’ definitions has increased together with their probability of surviving. I observe that zombie companies tend to be of small size and exhibit low growth and profitability figures. Breakdown of zombies by countries and industries signal that zombie share is higher for countries that suffered the most from the Sovereign Debt Crisis and in those industries that are sensitive to adverse shocks. Banks’ profitability helps to understand the increase number of zombie companies in Europe. When addressing the possible wave of European bankruptcies, I explain how policy makers’ intervention to limit the damage caused by the Covid-19 crisis, is likely to create new zombies.Silva, André CastroRUNLampis, Nicola2024-01-20T01:31:09Z2021-01-252021-01-202021-01-25T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/127270TID:202740145enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:07:21Zoai:run.unl.pt:10362/127270Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:46:06.034727Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Zombie companies and the Covid-19 crisis: the case of Europe |
title |
Zombie companies and the Covid-19 crisis: the case of Europe |
spellingShingle |
Zombie companies and the Covid-19 crisis: the case of Europe Lampis, Nicola Zombie companies Zombie lending Productivity Bankruptcy Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Zombie companies and the Covid-19 crisis: the case of Europe |
title_full |
Zombie companies and the Covid-19 crisis: the case of Europe |
title_fullStr |
Zombie companies and the Covid-19 crisis: the case of Europe |
title_full_unstemmed |
Zombie companies and the Covid-19 crisis: the case of Europe |
title_sort |
Zombie companies and the Covid-19 crisis: the case of Europe |
author |
Lampis, Nicola |
author_facet |
Lampis, Nicola |
author_role |
author |
dc.contributor.none.fl_str_mv |
Silva, André Castro RUN |
dc.contributor.author.fl_str_mv |
Lampis, Nicola |
dc.subject.por.fl_str_mv |
Zombie companies Zombie lending Productivity Bankruptcy Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Zombie companies Zombie lending Productivity Bankruptcy Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This research examines the zombification phenomenon that characterises Europe. I find that from the Great Financial Crisis, zombie share using all three zombies’ definitions has increased together with their probability of surviving. I observe that zombie companies tend to be of small size and exhibit low growth and profitability figures. Breakdown of zombies by countries and industries signal that zombie share is higher for countries that suffered the most from the Sovereign Debt Crisis and in those industries that are sensitive to adverse shocks. Banks’ profitability helps to understand the increase number of zombie companies in Europe. When addressing the possible wave of European bankruptcies, I explain how policy makers’ intervention to limit the damage caused by the Covid-19 crisis, is likely to create new zombies. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-01-25 2021-01-20 2021-01-25T00:00:00Z 2024-01-20T01:31:09Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/127270 TID:202740145 |
url |
http://hdl.handle.net/10362/127270 |
identifier_str_mv |
TID:202740145 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799138065341480960 |