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Fuller, Douglas Raymond - 1948

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Public entrants, public equity finance and creative destruction

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The mystery of zombie enterprises : "stiff but deathless"

Jiang, Xinfeng; Li, Sihai; Song, Xianzhong - In: China journal of accounting research : CJAR 10 (2017) 4, pp. 341-357

Drawing on social exchange theory, this study uses data on China’s Shanghai and Shenzhen A-share listed companies from 2009 to 2016 to examine why zombie enterprises are "stiff but deathless." We find that these enterprises are able to "linger breathlessly" due to government support in the...

Persistent link: https://www.econbiz.de/10011845069