Life Below Zero: Zombie Firms and Low Interest Rates
This paper employs a zombie classification following (Storz et al., 2017) to examine the phenomenon of zombie firms and low interest rates in Denmark using a comprehensive harmonized firm-level micro dataset from ORBIS covering the period 2002-2019. Specifically, the questions addressed are whether the prevalence of zombie firms increased due to low interest rates and has surviving as a zombie bec
