291. Zombie Prevalence and Survival
- Author:
- Debamanyu Das and Saurabh Roy
- Publication Date:
- 11-2020
- Content Type:
- Working Paper
- Institution:
- Political Economy Research Institute (PERI), University of Massachusetts Amherst
- Abstract:
- We document the rise in the share of zombie firms starting from the late 1990s in the U.S. economy across various sectors. We compare multiple definitions used in literature to identify zombies and discuss how they continue to survive. We find zombies issue more debt compared to non-zombies. A subset of zombies defined as growing zombies are able to raise equity too.
- Topic:
- Debt, Economics, Political Economy, Equity, and Zombie Firms
- Political Geography:
- North America and United States of America