Links between zombie lending, productivity and employment

Commissioned by: GDN - CERGE EI Foundation
Duration: June 16, 2014 – June 30, 2015
Project manager: Tanja Broz, PhD
Collaborator: Tomislav Ridzak, PhD

Project goals:
The aim of this research was to analyze the credit supply to individual enterprises in Croatia and determine to what extent zombie lending was present in bank-firm relationships. As economists are naturally interested in the real effects of such behaviour, the next step was to analyze the impact of such lending on firms' productivity and employment.