식품제조업의 한계기업 동향과 특징Trends and Characteristics of Zombie Firms in Korean Food Manufacturing
- Other Titles
- Trends and Characteristics of Zombie Firms in Korean Food Manufacturing
- Authors
- 김성용; 김나흔; 유순미
- Issue Date
- Dec-2023
- Publisher
- 한국농식품정책학회
- Keywords
- Food Manufacturing; Zombie Firms; Interest Coverage Ratio; Financial Balance Sheets; Panel Data
- Citation
- 농업경영.정책연구, v.50, no.4, pp 749 - 773
- Pages
- 25
- Indexed
- KCI
- Journal Title
- 농업경영.정책연구
- Volume
- 50
- Number
- 4
- Start Page
- 749
- End Page
- 773
- URI
- https://scholarworks.gnu.ac.kr/handle/sw.gnu/69557
- ISSN
- 1229-9154
- Abstract
- Social concerns in zombie firms is growing due to the COVID-19 pandemic and the subsequent economic downturn. We employed financial statement panel data of food manufacturers at the firm level and analyzed the trends and characteristics of zombie firms. If the interest coverage ratio is less than 1 for 3 consecutive years, it is classified as a zombie firm. Recently, the share of zombie firms has been increasing, albeit slightly, and as of 2021, 10 percents of the food manufacturers in the sample were identified as zombies. However, in the past 20 years, the proportion of firms that have become zombies has reached 35.3%. Zombie firms have a negative impact on the growth of the food manufacturing industry due to the congestion effect. In order to promote the revitalization of the food manufacturing industry, it is time to carefully select zombie firms and come up with measures to improve their constitution.
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Collections - 농업생명과학대학 > 식품자원경제학과 > Journal Articles
- College of Business Administration > 회계세무학부 > Journal Articles
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