A panel study of zombie SMEs in Japan: Identification, borrowing and investment behavior
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- 作者：Kentaro Imai1 ; fge002ik@mail2.econ.osaka-u.ac.jp" class="auth_mail" title="E-mail the corresponding author
- 关键词：Zombie firms ; Evergreening ; SMEs ; Borrowing ; Investment
- 刊名：Journal of the Japanese and International Economies
- 出版年：2016
- 出版时间：March 2016
- 年：2016
- 卷：39
- 期：Complete
- 页码：91-107
- 全文大小：504 K
文摘
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Many zombie firms existed among SMEs, especially among very small firms capitalized at less than 10 million yen.
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Zombie SMEs could not reduce their loans.
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Land values did not affect borrowing among zombie firms.
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Evergreening received by zombie firms increased inefficient investment.