bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … constrains the growth of more productive firms, to the detriment of aggregate productivity growth. Our results suggest that … insolvency regimes do not unduly inhibit corporate restructuring. Thus, leveraging the important complementarities between bank …

bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … constrains the growth of more productive firms, to the detriment of aggregate productivity growth. Our results suggest that … insolvency regimes do not unduly inhibit corporate restructuring. Thus, leveraging the important complementarities between bank …

bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … constrains the growth of more productive firms, to the detriment of aggregate productivity growth. Our results suggest that … insolvency regimes do not unduly inhibit corporate restructuring. Thus, leveraging the important complementarities between bank …

bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … constrains the growth of more productive firms, to the detriment of aggregate productivity growth. Our results suggest that … insolvency regimes do not unduly inhibit corporate restructuring. Thus, leveraging the important complementarities between bank …

Policies that spur more efficient corporate restructuring can revive productivity growth by targeting three inter …-related sources of labour productivity weakness: the survival of “zombie” firms (low productivity firms that would typically exit in a … much scope to improve the design of insolvency regimes in order to reduce the barriers to restructuring of weak firms and …

Total factor productivity (TFP) is considered the key determinant of long-term and sustainable economic growth. The … mostly driven by the rise and fall of the capital-to-labor ratio (capital deepening) while the role of labor productivity is …

between bank credit and firm-level productivity in the context of different financial markets set-ups, we introduce a model of … group of European countries to explore the relation between bank credit and productivity following the main predictions of … the model. We estimate an extended set of elasticities of bank credit with respect to a series of productivity measures of …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We … estimate an extended set of elasticities of bank credit with respect to a series of productivity measures of firms. We focus …

Encouraged by the forbearance of creditors and exit barriers (e.g., inefficient insolvency regimes), the zombie … productivity levels. Finally, we find that the probability of transition into recovery and exit is relatively small. However …' recovery. The insolvency environment is also found to be a strong factor in stimulating business restructuring. …

We provide evidence that a weak banking sector has contributed to low productivity growth following the European … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …