Share of capital sunk in zombie firms in 2013
Note: Zombie firms are defined as firms aged ≥10 years and with an interest coverage ratio<1 over three consecutive years. The sample excludes firms that are larger than 100 times the 99th percentile of the size distribution in terms of capital stock or number of employees.
Source: Adalet McGowan, Andrews and Millot (2017), based on ORBIS data.
OECD indicator of insolvency regimes
Increasing in barriers to exit or restructuring
Note: Composite indicator based on 12 components.
Source: Calculations based on the OECD questionnaire on insolvency regimes.
Wallstreet:online - Achtung, die Zombies sind unter uns
Der Standard - Zombie-Unternehmen fürchten jeden Zinsschritt
Der Spiegel - Zombie-Firmen bedrohen den Aufschwung
El Confidencial - El ataque de los zombis keynesianos
The Times - 100,000 zombie firms suck life out of economy
The Daily Telegraph - UK-style regulation could boost productivity in other economies, OECD says
Channel Web - UK leading fight against uprising of 'zombie firms'
Wall Street Journal - OECD Urges Politicians to Step Up as Central Banks Eye Stimulus Exit Door
Bloomberg View - The Financial Systems Weak Link
The Globe and Mail - Zombie companies haunt the Canadian economy
Huffington Post - Central Bankers’Bubble and its aftermath
The Financial Times - Beware the zombies sucking capital away from others
The Australian - A messy end ahead for developed world's zombie firms
The Economist - How to kill a corporate zombie
Livemint - Zombie companies stop productivity growth
Bloomberg View - How Zombie Companies Stop Productivity Growth
The Economist - Attack of the Zombie firms
Financial Times - Voodoo economics
|Giuseppe.Nicoletti@oecd.org).For any queries please contact Giuseppe Nicoletti (|