Zombie Firms Rising from Depths of Low-Rate Environment
This article was originally published on ETFTrends.com.
A recent report by the Bank for International Settlements showed that the rise of zombie firms, those identified as ” firms that are unable to cover debt servicing costs from current profits over an extended period,” have risen since the 1980s. The report, by Ryan Banerjee and Boris Hofmann, cite the effects of a low-interest [...]