| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14754 |
| DP14754 On-site inspecting zombie lending | |
| Diana Bonfim; Geraldo Cerqueiro; Hans Degryse; Steven Ongena | |
| 发表日期 | 2020-05-13 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In spite of growing regulatory pressure in most developed economies, “zombie lending” remains a widespread practice by banks. In this paper we exploit a series of large-scale on-site inspections made on the credit portfolios of several Portuguese banks to investigate how these inspections affect banks’ future lending decisions. We find that an inspected bank becomes 20% less likely to refinance zombie firms, immediately spurring their default. However, banks change their lending decisions only in the inspected sectors. Overall, banks seemingly reduce zombie lending because the incentives to hold these loans disappear once they are forced to recognize losses. |
| 主题 | Financial Economics |
| URL | https://cepr.org/publications/dp14754 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543678 |
| 推荐引用方式 GB/T 7714 | Diana Bonfim,Geraldo Cerqueiro,Hans Degryse,et al. DP14754 On-site inspecting zombie lending. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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