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Pregled bibliografske jedinice broj: 1141463

The impact of zombie companies on the performance of healthy companies and economies in selected countries of Central and Eastern Europe


Logarušić, Marija; Raguž Krištić, Irena
The impact of zombie companies on the performance of healthy companies and economies in selected countries of Central and Eastern Europe // Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista Zagreb (2020) (znanstveni, prihvaćen)


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Naslov
The impact of zombie companies on the performance of healthy companies and economies in selected countries of Central and Eastern Europe

Autori
Logarušić, Marija ; Raguž Krištić, Irena

Vrsta, podvrsta
Radovi u časopisima, znanstveni

Izvornik
Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista Zagreb (2020)

Status rada
Prihvaćen

Ključne riječi
zombie companies, panel model, productivity, profit per employee, economic sentiment indicator

Sažetak
The main goal of this paper is to analyze the impact of zombie companies on the performance of healthy companies, economies, and economic sentiment (ESI) in selected countries of Central and Eastern Europe between 2008 and 2016. Zombie companies are companies whose sustainability is uncertain and whose competitiveness is very limited, and such companies can potentially transfer losses to the companies they are associated with. In this paper, they are defined as companies with negative return on assets, negative net investments and interest rates coverage below 1.5. The results of the panel model with fixed effects show that the market congestion by zombie companies has a negative effect on productivity and profit per employee, a positive impact on investments and no impact on employment growth of healthy companies. Dynamic panel model results suggest that market congestion by zombie companies does not have a significant impact on the GDP of selected countries of Central and Eastern Europe while there is a positive relation with ESI. By analyzing the zombie companies issue in the Central and Eastern European countries, and their impact on ESI in general this paper contributes to the existing body of literature.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
UIP-2017-05-6785 - Osnivanje i razvoj Centra za strukturno i nelinearno makroekonomsko modeliranje (MacroHub) (MACROHUB) (Globan, Tomislav, HRZZ - 2017-05) ( POIROT)
IP-2018-01-4189 - EKONOMSKI SENTIMENT: STATISTIČKI, POLITIČKI, BIHEVIORALNI I MEDIJSKI ASPEKTI NJEGOVOG UTJECAJA NA EKONOMSKU AKTIVNOST (EconSent) (Sorić, Petar, HRZZ - 2018-01) ( POIROT)

Ustanove:
Ekonomski fakultet, Zagreb


Citiraj ovu publikaciju:

Logarušić, Marija; Raguž Krištić, Irena
The impact of zombie companies on the performance of healthy companies and economies in selected countries of Central and Eastern Europe // Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista Zagreb (2020) (znanstveni, prihvaćen)
Logarušić, M. & Raguž Krištić, I. (2020) The impact of zombie companies on the performance of healthy companies and economies in selected countries of Central and Eastern Europe. Prihvaćen za objavljivanje u Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista Zagreb. [Preprint].
@unknown{unknown, year = {2020}, keywords = {zombie companies, panel model, productivity, profit per employee, economic sentiment indicator}, journal = {Ekonomski pregled : mjese\v{c}nik Hrvatskog dru\v{s}tva ekonomista Zagreb}, title = {The impact of zombie companies on the performance of healthy companies and economies in selected countries of Central and Eastern Europe}, keyword = {zombie companies, panel model, productivity, profit per employee, economic sentiment indicator} }
@unknown{unknown, year = {2020}, keywords = {zombie companies, panel model, productivity, profit per employee, economic sentiment indicator}, journal = {Ekonomski pregled : mjese\v{c}nik Hrvatskog dru\v{s}tva ekonomista Zagreb}, title = {The impact of zombie companies on the performance of healthy companies and economies in selected countries of Central and Eastern Europe}, keyword = {zombie companies, panel model, productivity, profit per employee, economic sentiment indicator} }




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