
Edward Altman and Wei Wang Talk Zombie Companies With Reorg’s Gaurav Sharma
Octus Radio
The Impact of Bankruptcy Law Reforms on Zombie Firms
This chapter analyzes the effects of bankruptcy law reforms on the prevalence and duration of zombie firms. It highlights a significant decline in the fraction of zombie firms after these reforms, particularly in countries with stronger credit rights. The chapter concludes that bankruptcy law reforms lead to a reduction in zombie firms.
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