It takes the average reader 1 hour and 11 minutes to read The Rise of the Walking Dead: Zombie Firms Around the World by Bruno Albuquerque
Assuming a reading speed of 250 words per minute. Learn more
We build a new dataset of listed and private nonfinancial zombie firms for a large set of Advanced Economies and Emerging Markets over the last two decades. We find that the share of these unproductive and unviable firms has been rising worldwide, especially since the GFC and the Covid-19 pandemic. We show that, perhaps surprisingly, the incidence of zombification is lower among private firms. Lower average survival rates of private firms may explain this phenomenon. We find important negative macrofinancial spillovers from zombie firms: nonzombies’ financial performance is persistently reduced in industries populated with a greater number of zombies. To mitigate these effects, we document that countries with stronger banks, and tighter macroprudential policies tend to have fewer zombies and stronger nonzombies. Strengthening the banking sector may, however, not be sufficient if insolvency frameworks are not well-prepared to deal with the restructuring or insolvency of firms.
The Rise of the Walking Dead: Zombie Firms Around the World by Bruno Albuquerque is 69 pages long, and a total of 17,871 words.
This makes it 23% the length of the average book. It also has 22% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 37 minutes to read The Rise of the Walking Dead: Zombie Firms Around the World aloud.
The Rise of the Walking Dead: Zombie Firms Around the World is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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