{"id":"https://openalex.org/W4396707350","doi":"https://doi.org/10.1287/mnsc.2023.01437","title":"Bank Specialization and Zombie Lending","display_name":"Bank Specialization and Zombie Lending","publication_year":2024,"publication_date":"2024-05-07","ids":{"openalex":"https://openalex.org/W4396707350","doi":"https://doi.org/10.1287/mnsc.2023.01437"},"language":"en","primary_location":{"id":"doi:10.1287/mnsc.2023.01437","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2023.01437","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030769976","display_name":"Olivier De Jonghe","orcid":"https://orcid.org/0000-0003-4757-3829"},"institutions":[{"id":"https://openalex.org/I193700539","display_name":"Tilburg University","ror":"https://ror.org/04b8v1s79","country_code":"NL","type":"education","lineage":["https://openalex.org/I193700539"]},{"id":"https://openalex.org/I98899809","display_name":"National Bank of Belgium","ror":"https://ror.org/054jfj847","country_code":"BE","type":"government","lineage":["https://openalex.org/I98899809"]}],"countries":["BE","NL"],"is_corresponding":true,"raw_author_name":"Olivier De Jonghe","raw_affiliation_strings":["Research Department, National Bank of Belgium, 1000 Brussels, Belgium; and Finance Department, Tilburg University, 5000LE Tilburg, Netherlands","Finance Department, Tilburg University, 5000LE Tilburg, Netherlands;","Research Department, National Bank of Belgium, 1000 Brussels, Belgium;"],"affiliations":[{"raw_affiliation_string":"Research Department, National Bank of Belgium, 1000 Brussels, Belgium; and Finance Department, Tilburg University, 5000LE Tilburg, Netherlands","institution_ids":["https://openalex.org/I98899809","https://openalex.org/I193700539"]},{"raw_affiliation_string":"Finance Department, Tilburg University, 5000LE Tilburg, Netherlands;","institution_ids":["https://openalex.org/I193700539"]},{"raw_affiliation_string":"Research Department, National Bank of Belgium, 1000 Brussels, Belgium;","institution_ids":["https://openalex.org/I98899809"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5040984765","display_name":"Klaas Mulier","orcid":"https://orcid.org/0000-0002-3677-0678"},"institutions":[{"id":"https://openalex.org/I32597200","display_name":"Ghent University","ror":"https://ror.org/00cv9y106","country_code":"BE","type":"education","lineage":["https://openalex.org/I32597200"]}],"countries":["BE"],"is_corresponding":false,"raw_author_name":"Klaas Mulier","raw_affiliation_strings":["Department of Accounting, Corporate Finance and Taxation, Ghent University, 9000 Gent, Belgium"],"affiliations":[{"raw_affiliation_string":"Department of Accounting, Corporate Finance and Taxation, Ghent University, 9000 Gent, Belgium","institution_ids":["https://openalex.org/I32597200"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5002872022","display_name":"Ilia Samarin","orcid":null},"institutions":[{"id":"https://openalex.org/I98899809","display_name":"National Bank of Belgium","ror":"https://ror.org/054jfj847","country_code":"BE","type":"government","lineage":["https://openalex.org/I98899809"]}],"countries":["BE"],"is_corresponding":false,"raw_author_name":"Ilia Samarin","raw_affiliation_strings":["Research Department, National Bank of Belgium, 1000 Brussels, Belgium","Research Department, National Bank of Belgium, 1000 Brussels, Belgium;"],"affiliations":[{"raw_affiliation_string":"Research Department, National Bank of Belgium, 1000 Brussels, Belgium","institution_ids":["https://openalex.org/I98899809"]},{"raw_affiliation_string":"Research Department, National Bank of Belgium, 1000 Brussels, Belgium;","institution_ids":["https://openalex.org/I98899809"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5030769976"],"corresponding_institution_ids":["https://openalex.org/I193700539","https://openalex.org/I98899809"],"apc_list":null,"apc_paid":null,"fwci":8.661,"has_fulltext":false,"cited_by_count":19,"citation_normalized_percentile":{"value":0.982398,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":99},"biblio":{"volume":"71","issue":"2","first_page":"1260","last_page":"1286"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9907000064849854,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9800000190734863,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/zombie","display_name":"Zombie","score":0.976331889629364},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4811733663082123},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3780652582645416},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.35987478494644165},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.14958730340003967}],"concepts":[{"id":"https://openalex.org/C144446859","wikidata":"https://www.wikidata.org/wiki/Q219164","display_name":"Zombie","level":2,"score":0.976331889629364},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4811733663082123},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3780652582645416},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.35987478494644165},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.14958730340003967}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1287/mnsc.2023.01437","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2023.01437","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:inm:ormnsc:v:71:y:2025:i:2:p:1260-1286","is_oa":false,"landing_page_url":"http://doi.org/10.1287/mnsc.2023.01437","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:archive.ugent.be:01HYWX722EBEKJD9STQPBCFD9Z","is_oa":false,"landing_page_url":"http://hdl.handle.net/1854/LU-01HYWX722EBEKJD9STQPBCFD9Z","pdf_url":null,"source":{"id":"https://openalex.org/S4306400478","display_name":"Ghent University Academic Bibliography (Ghent University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I32597200","host_organization_name":"Ghent University","host_organization_lineage":["https://openalex.org/I32597200"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"ISSN: 1526-5501","raw_type":"info:eu-repo/semantics/publishedVersion"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.5099999904632568,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":37,"referenced_works":["https://openalex.org/W1974169858","https://openalex.org/W2019222975","https://openalex.org/W2029792205","https://openalex.org/W2057009456","https://openalex.org/W2108491286","https://openalex.org/W2143841915","https://openalex.org/W2227715075","https://openalex.org/W2981691127","https://openalex.org/W3008416904","https://openalex.org/W3022455051","https://openalex.org/W3031063691","https://openalex.org/W3033396937","https://openalex.org/W3082979859","https://openalex.org/W3121175130","https://openalex.org/W3121231118","https://openalex.org/W3121461109","https://openalex.org/W3121731897","https://openalex.org/W3122368461","https://openalex.org/W3122378290","https://openalex.org/W3122427457","https://openalex.org/W3122914324","https://openalex.org/W3123442398","https://openalex.org/W3123699990","https://openalex.org/W3123955717","https://openalex.org/W3124667112","https://openalex.org/W3125488036","https://openalex.org/W3125512002","https://openalex.org/W3125730051","https://openalex.org/W3125762209","https://openalex.org/W3143940122","https://openalex.org/W3150546480","https://openalex.org/W3160906525","https://openalex.org/W4236584637","https://openalex.org/W4247648242","https://openalex.org/W4281675667","https://openalex.org/W4378837864","https://openalex.org/W4391242198"],"related_works":["https://openalex.org/W2748952813","https://openalex.org/W4391375266","https://openalex.org/W3211952845","https://openalex.org/W3187978971","https://openalex.org/W459167536","https://openalex.org/W4287028859","https://openalex.org/W4380874517","https://openalex.org/W4213192136","https://openalex.org/W2898750407","https://openalex.org/W2892062002"],"abstract_inverted_index":{"We":[0,12],"study":[1],"whether":[2],"banks":[3,15,40],"internalize":[4],"congestion":[5,28,63],"externalities":[6,29,64],"when":[7,62,73,86],"lending":[8],"to":[9,49,54,67],"zombie":[10,24,50,74,105],"firms.":[11],"conjecture":[13],"that":[14,30,45],"should":[16],"be":[17],"better":[18],"informed":[19],"about":[20],"the":[21,27,83,87],"presence":[22],"of":[23,80],"firms":[25,32,51,75],"and":[26,43,132],"such":[31],"exert":[33],"on":[34],"healthy":[35,115],"borrowers":[36],"in":[37,82,98],"industries":[38,99],"where":[39],"are":[41,65,135],"specialized":[42],"show":[44],"banks\u2019":[46],"credit":[47],"supply":[48],"relates":[52],"negatively":[53],"their":[55],"industry":[56,84,88],"specialization.":[57],"This":[58,119],"relation":[59,95],"is":[60,89,96],"stronger":[61,69],"likely":[66],"have":[68],"adverse":[70],"effects,":[71],"namely":[72],"take":[76],"a":[77],"higher":[78,101],"fraction":[79],"resources":[81],"or":[85],"geographically":[90],"more":[91],"concentrated.":[92],"Additionally,":[93],"this":[94],"weaker":[97],"with":[100],"asset":[102,110],"specificity":[103],"as":[104],"firms\u2019":[106],"default":[107],"(and":[108],"potential":[109],"fire":[111],"sales)":[112],"could":[113],"reduce":[114],"borrowers\u2019":[116],"collateral":[117],"value.":[118],"paper":[120],"was":[121],"accepted":[122],"by":[123],"Victoria":[124],"Ivashina,":[125],"finance.":[126],"Supplemental":[127],"Material:":[128],"The":[129],"online":[130],"appendices":[131],"data":[133],"files":[134],"available":[136],"at":[137],"https://doi.org/10.1287/mnsc.2023.01437":[138],".":[139]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":11},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":3}],"updated_date":"2026-03-27T14:29:43.386196","created_date":"2025-10-10T00:00:00"}