Exploring the city that never sleeps, one iconic landmark at a time! 🇺🇸✨
This week,Ben AdamsandConnor Nurseattended an electrifying event right in the heart of the Big Apple, New York City. In collaboration with the esteemedGlobal Association of Risk Professionals (GARP), we delved into the captivating realm of 'Global Zombies: An Alternative Type of Corporate Resiliency.'
We explored the riveting landscape shaped by global economic challenges, accentuated by the tumultuous waves of the COVID-19 pandemic. Amidst this turbulence, a new breed of corporate entities emerged: the enigmatic "zombie firms." These entities, akin to the mythical undead, persist in operation despite being insolvent under normal circumstances, thanks to government support or financial institutional aid.
Our esteemed guest, Professor Edward Altman, took center stage to unravel the enigma of zombie firms. With his expertise, we journeyed through the rise of these intriguing entities, set to proliferate across the globe amidst escalating corporate debt and interest rate hikes.
Highlights from the event included: 🧟♀️ Provocative discussions on the significance (or insignificance) of zombie companies and their resilience in today's economic landscape. 📐 Insights into the most effective metrics for discerning whether a company is a zombie or not, presented in an engaging and accessible manner. 🌍 Deep dives into the underlying causes fueling this trend and identifying regions where zombie firms reign supreme. 🇺🇸 Thought-provoking analyses on the future prospects of zombie firms in the United States and beyond, igniting spirited debates among attendees.
Stay tuned for more exhilarating events that promise to stimulate your intellect and invigorate your professional network!
