Results 171 to 180 of about 1,189,173 (236)
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Zombie Firms: Prevalence, Determinants, and Corporate Policies
SSRN Electronic Journal, 2020Using a comprehensive dataset of firms from seventy-nine countries, we document the incidence, determinants, and corporate policies of zombie firms from 2005 through 2016. Zombie firms account for roughly 10% of our observations. Using logit regressions, we find strong and robust evidence that countries with more efficient debt enforcement environments
Sadok El Ghoul +2 more
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Does mandatory CSR disclosure increase the risk of being a zombie firm in China?
Asia-Pacific Journal of Accounting and EconomicsYunguo Lu, Bing Hu, Hong-yu Zhang
exaly +2 more sources
'Zombie' Banks Make 'Zombie' Firms
SSRN Electronic Journal, 2011This paper finds evidence that regulatory forbearance toward weakly capitalized banks, which creates “zombie” banks, leads to the creation of “zombie” firms in the Japanese banking crisis of 1997-2003. Capital weak banks bankrupt large borrowers at higher levels of indebtedness than similar firms with better capitalized banks.
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Studies in Economics and Finance
The purpose of this study is to investigate whether the increase in the number of zombie firms in the manufacturing sector was more pronounced in countries with significant credit easing measures during the COVID-19 pandemic and examines how the ...
Jáki Erika, Béla Kádár
semanticscholar +1 more source
The purpose of this study is to investigate whether the increase in the number of zombie firms in the manufacturing sector was more pronounced in countries with significant credit easing measures during the COVID-19 pandemic and examines how the ...
Jáki Erika, Béla Kádár
semanticscholar +1 more source
Zombie firms in Italy: a critical assessment
SSRN Electronic Journal, 2019This note shows the consequences of different methodological choices for the estimates of the incidence of zombie firms in Italy. We use as a benchmark the influential measure proposed by the OECD (Adalet McGowan et al. 2017a and 2017b) which identifies zombie firms based on a combination of firm age and values of the interest coverage ratio (operating
Rodano, Giacomo, Sette, Enrico
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On the identification of zombie firms
2023A survey of the most prominent definitions of zombie firms, together with their replication on a common dataset for euro area firms spanning the years 2004-2019, shows limited overlap and low comparability in the sets of firms identified by several prominent studies.
Mingarelli, Luca +2 more
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Journal of Policy Studies
This study examines the relationship between a firm’s zombie status and its innovation, focusing on the moderating effect of zombie congestion. Using data from small and medium-sized enterprises (SMEs) in government-sponsored research and development ...
H. Ma, Debra Sabatini Dwyer
semanticscholar +1 more source
This study examines the relationship between a firm’s zombie status and its innovation, focusing on the moderating effect of zombie congestion. Using data from small and medium-sized enterprises (SMEs) in government-sponsored research and development ...
H. Ma, Debra Sabatini Dwyer
semanticscholar +1 more source
Does digital transformation curb the formation of zombie firms? A machine learning approach
Technology Analysis & Strategic Management, 2023Based on the dynamic capability view theory, we examined the impact of digital transformation (DT) on zombie firm formation using a sample of listed Chinese firms. Through textual analysis of firms’ annual reports, we categorized DT into three dimensions:
Mingyue Wang, Yanling Yu, Feng Liu
semanticscholar +1 more source
Lecture Notes in Education, Arts, Management and Social Science
Article 233 of the new Company Law, which will come into effect in 2024, has provided a higher-level legal basis for the compulsory liquidation of zombie enterprises.
Haipeng Li
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Article 233 of the new Company Law, which will come into effect in 2024, has provided a higher-level legal basis for the compulsory liquidation of zombie enterprises.
Haipeng Li
semanticscholar +1 more source
Economics of Transition and Institutional Change
This study investigates whether the establishment of environmental courts accelerates the market exit of zombie firms in China's manufacturing sector. Exploiting the staggered introduction of environmental courts across cities between 2003 and 2014, we
Hu Xiong +3 more
semanticscholar +1 more source
This study investigates whether the establishment of environmental courts accelerates the market exit of zombie firms in China's manufacturing sector. Exploiting the staggered introduction of environmental courts across cities between 2003 and 2014, we
Hu Xiong +3 more
semanticscholar +1 more source