Lin, Shiue-Hung - In: Journal of applied economics 26 (2023) 1, pp. 1-29
The problem of zombie enterprises originated in Japan's bubble economy around 1990. Afterward, after China's oversupply … enterprises in China generally performed poorly from 2007 to 2016, and even some steel enterprises had negative operating profits … operation of the enterprise and the capital or financial market in the listed steel industry in China. …
