Carreira, Carlos; Teixeira, Paulino; Nieto-Carrillo, Ernesto - In: Aussenwirtschaft : schweizerische Zeitschrift für … 73 (2023) 1, pp. 91-108
Encouraged by the forbearance of creditors and exit barriers (e.g., inefficient insolvency regimes), the zombie phenomenon has weakened business dynamism and, as a consequence, has slowed economic growth in most economies in recent decades. In this paper, we examine the recovery and exit of...
