Zombie firms and the take-up of support measures during Covid-19
Governments around the world enacted unprecedented measures to support firms impacted by the Covid-19 pandemic. This column focuses on Italy to examine the extent to which these measures ended up also benefitting non-viable but still active firms. The authors find that ‘zombie firms’ were less likely than healthy firms to access public support measures in the form of either
United States Adalet Mcgowan Universita Politecnica Delle Marche Italian Ministry Of Economy Italian Ministry Financial Studies
Source: voxeu.org