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Exploiting differential interstate branching deregulation across contiguous counties of adjacent states, we investigate …
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distressed firms obtaining zombie lending. Using China’s 2009 bank entry deregulation as a quasi-natural experiment, the paper …Can bank competition help attenuate the prevalence of zombie firms? Motivated by a stylized model, this paper studies … the effect of bank competition on the formation of zombie firms in two stages: the formation of distressed firms and …
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