Zombie firms and corporate governance: What room for maneuver do companies have to avoid becoming zombies?
Sign Up to like & getrecommendations! Published in 2021 at "Review of Managerial Science"
DOI: 10.1007/s11846-021-00462-z
Abstract: This paper is an attempt to empirically examine the influence of corporate governance on zombie theory. Recent data indicates that the problem affects more than 10% of all firms and is worth close to a… read more here.
Keywords: governance room; firms corporate; governance; corporate governance ... See more keywords
The Financing and Investment Crowding-out Effect of Zombie Firms on Non-zombie Firms: Evidence from China
Sign Up to like & getrecommendations! Published in 2020 at "Emerging Markets Finance and Trade"
DOI: 10.1080/1540496x.2019.1711370
Abstract: ABSTRACT Using a database on Chinese listed firms in 2006–2016, we identify Chinese zombie firms and the characteristics of their distribution by introducing the factors of government overprotection and bank credit support. We find that… read more here.
Keywords: zombie; non zombie; financing investment; effect ... See more keywords