Data and Code for: "Weak Corporate Insolvency Rules: The Missing Driver of Zombie Lending"
Principal Investigator(s): View help for Principal Investigator(s) Bo Becker, Stockholm School of Economics; Victoria Ivashina, Harvard University. Harvard Business School
Version: View help for Version V1
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Project Citation:
Becker, Bo, and Ivashina, Victoria. Data and Code for: “Weak Corporate Insolvency Rules: The Missing Driver of Zombie Lending.” Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-05-23. https://doi.org/10.3886/E165001V1
Project Description
Summary:
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Data/code files P&P 2022 study on Zombie lending in Europe. We argue that a
substantial cost of restructuring insolvent firms will narrow borrowers’ and
banks’ choices, and foster superficial or insufficient remedies, including
zombie lending. We exploit the large
variation in the quality of in-court insolvency procedures in Europe to
estimate how zombie lending varies with the effectiveness of insolvency resolution.
Scope of Project
Subject Terms:
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Zombie Lending;
Insolvency;
Syndicated Loans
JEL Classification:
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E51 Money Supply; Credit; Money Multipliers
G01 Financial Crises
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G33 Bankruptcy; Liquidation
E51 Money Supply; Credit; Money Multipliers
G01 Financial Crises
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G33 Bankruptcy; Liquidation
Geographic Coverage:
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Europe, U.S.
Universe:
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Syndicated Loans to U.S. and European borrowers from Dealscan.
Data Type(s):
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event/transaction data
Collection Notes:
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Syndicated loans from Dealscan matched to borrower country statistics.
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