Working Paper Number
531
Publication Date
11-2020
Abstract
We document the rise in the share of zombie firms starting from the late 1990s in the US 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.
DOI
https://doi.org/10.7275/27137440
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.