Object's details: Zjawisko firm zombie i jego przyczyny

Description

• PLMET:
  
  http://confluence.man.poznan.pl/community/display/FBCMETGUIDE
• Title:
  
  
  Zjawisko firm zombie i jego przyczyny
• Alternative title:
  
  
  The causes of the existence of zombie firms
• Group publication title:
  
  
  Ekonomia – Wroclaw Economic Review. 2019, 25/3
• Creator:
  
  
  Góra, Daniel
  
• Subject and Keywords:
  
  
  zombie firms
   ;
  bankruptcies
   ;
  monetary policy
   ;
  bank forbearance
   ;
  capital misallocation
• Description:
  
  Od 2013: Ekonomia – Wroclaw Economic Review
• Abstract:
  
  
  The aim of this paper is to specify and describe the factors that contribute to the prevalence of zombie firms, defined as old, unprofitable, nearly insolvent firms which normally would exit the market. Based on the review of the literature, mostly published by the Organization for Economic Co-operation and Development (OECD), the Bank for International Settlements (BIS) and central banks, we conclude that the main causes of the rise of zombie firms in the last 10–20 years have been loose monetary policy (especially after the outbreak of the financial crisis of 2007–2008), weak banking sector, overbanking of economies, government subsidies to enterprises and weaknesses of insolvency law. We consider the zombification of economies as a highly important issue since zombie companies could be lowering the pace of capital formation, productivity and economic growth by raising entry barriers, curbing Schumpeterian creative destruction and misallocating capital.
• Place of publishing:
  
  
  Wrocław
• Publisher:
  
  
  Wydawnictwo Uniwersytetu Wrocławskiego
• Contributor:
  
  
  Machaj, Mateusz
  :
  Redaktor,
• Date issued:
  
  2019
• Resource Type:
  
  
  text
   ;
  
  
  tekst
• Detailed Type:
  
  
  article
   ;
  
  
  artykuł
• Identifier:
  
  oai:repozytorium.uni.wroc.pl:136456  ; https://doi.org/10.19195/2084-4093.25.3.1  ;
  ISSN 0239-6661
   ;
  ISSN 2084-4093
• Language:
  
  pol
• Abstract Language :
  
  eng
• Relation:
  
  
  Acta Universitatis Wratislaviensis, 0239-6661, No 3942
• WUL Catalog:
  
  
  https://katalog.bu.uni.wroc.pl/lib/item?id=chamo:109884
• Is version of:
  
  
  Czasopisma Naukowe w Sieci
• Access rights:
  
  
  The use of this material is allowed only with accordance of applicable rules of fair use or other exceptions provided by law, and any broader use requires the permission of the authorized entity
   ;
  
  
  Korzystanie z tego materiału jest możliwe zgodnie z właściwymi przepisami o dozwolonym użytku lub innych wyjątkach przewidzianych w przepisach prawa, a korzystanie w szerszym zakresie wymaga uzyskania zgody uprawnionego
• License:
  
  
  Making materials available on the basis of the agreement with the owner of the property copyrights
   ;
  
  
  Udostępnianie na podstawie umowy z właścicielem majątkowych praw autorskich
• Rights holder:
  
  Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o., Wrocław 2019
   ;
  Copyright by CNS
• Location of original object:
  
  
  Biblioteka Wydziału Prawa, Administracji i Ekonomii
• Autor opisu:
  
  WR U/PAdks

Object is located in the collections:

Additional information

• Creation date: 2023-02-14
• Last modification date: 2024-08-29
• Content object's number of views: 64
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   ;
  OAI-PMH
• Download IIIF manifest:
  https://repozytorium.uni.wroc.pl/iiif-manifest/manifest/136456/PDF.json