January 2021
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12 Reads
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5 Citations
SSRN Electronic Journal
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January 2021
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12 Reads
·
5 Citations
SSRN Electronic Journal
... al., (2008) in their research about the missing period in Japan 1990iest. With the COVID-19 situation entering its 3rd year, it has impact on the raising concern between governments, bank centrals, academics, media, and event judges that handle the bankruptcy claim regarding the increase numbers of zombie firms in the late several years (Altman et al., 2021). Hofmann (2018, 2020) indicate that zombie firms have increase significantly in the last 30 years, where only 2% in early 1990 became 12% in 2018, even though the global economy has shown improvements within the years. ...
January 2021
SSRN Electronic Journal