Zombie firms and economic stagnation in Japan

@article{Ahearne2005ZombieFA,
  title={Zombie firms and economic stagnation in Japan},
  author={Alan Ahearne and Naoki Shinada},
  journal={International Economics and Economic Policy},
  year={2005},
  volume={2},
  pages={363-381}
}
It is often claimed that one contributing factor to Japan's weak economic performance over the past decade is that Japanese banks have continued to provide financial support for highly inefficient, debt-ridden companies, commonly referred to as ‘zombie’ firms. Such poor banking practices in turn prevent more productive companies from gaining market share, strangling a potentially important source of productivity gains for the overall economy. To explore further the zombie-firm hypothesis, we… Expand

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