TR
EN
Zombie Companies in Business Environment in Emerging Economies: Case of Turkey
Öz
World economies are becoming more competitive and more focused on survival with increasing demand caused by huge increase in population of the world and changing conditions such as widespread use of technology, globalization, changes in consumer behaviour i.e. The emerging competitive environment also causes the formation of zombie companies. Zombie companies have low profits, high dependence on banks and high debt to total assets ratio. Especially with the sudden disruptions that occur in the world, such as COVID-19 pandemic, the bankruptcy of the companies is postponed and the number of zombie companies is increasing, especially in emerging economies. However, by considering the researches, it has not been revealed precisely by which factors the companies turned into zombie companies. In line with this reason, this study will be specified weighted the reasons why companies turn into zombie companies in emerging economies and as a case study, with the SWARA method, will weighted these factors for an emerging economy. These factors, which are listed based on the literature review, give an overview for emerging economies, and each country will be able to create an order of importance based on its own data in line with its own characteristics. This study is expected to be the initial stage for policy makers.
Anahtar Kelimeler
Kaynakça
- Akhbari, M., Ainina, M. F., & Larsen, J. E. (2020). Another Look at the Relationship between Portfolio Returns and Market Multiples. Business and Economics Research Journal, 11(3), 671-680.
- Al Monitor, Sept. 26, 2020. “How Turkey’s ‘zombie’ companies keep afloat”. Retrieved from: http://mustafasonmez.net/how-turkeys-zombie-companies-keep-afloat-al-monitor-sept-26-2020
- Álvarez Román, L., Garcia-Posada, M., & Mayordomo, S. (2021). Distressed firms, zombie firms and zombie lending: a taxonomy. Available at SSRN 3949415.
- Andrews, D., & Petroulakis, F. (2019). Breaking the shackles: Zombie firms, weak banks and depressed restructuring in Europe.
- Andrews, D., M. Adalet McGowan and V. Millot (2017). Confronting the zombies: Policies for productivity revival. OECD Economic Policy Papers, No. 21, OECD Publishing, Paris, https://doi.org/10.1787/f14fd801-en.
- Banerjee, R., & Hofmann, B. (2018). The rise of zombie firms: causes and consequences. BIS Quarterly Review Spetember.
- Becker, M. (2021). Zombie Companies in the Corona Pandemic or the phenomenon of covertly over-indebted companies in Germany (No. 4/2021). IUCF Working Paper.
- Blažková, I., & Dvouletý, O. (2020). Zombies: Who are they and how do firms become zombies?. Journal of Small Business Management, 1-27.
Ayrıntılar
Birincil Dil
İngilizce
Konular
İşletme
Bölüm
Araştırma Makalesi
Yayımlanma Tarihi
1 Nisan 2022
Gönderilme Tarihi
30 Aralık 2021
Kabul Tarihi
6 Mart 2022
Yayımlandığı Sayı
Yıl 2022 Cilt: 5 Sayı: 1
APA
Çakı, Ş. S., & Özbiltekin, M. (2022). Zombie Companies in Business Environment in Emerging Economies: Case of Turkey. Muhasebe ve Finans İncelemeleri Dergisi, 5(1), 63-72. https://doi.org/10.32951/mufider.1051106
AMA
1.Çakı ŞS, Özbiltekin M. Zombie Companies in Business Environment in Emerging Economies: Case of Turkey. MUFİDER. 2022;5(1):63-72. doi:10.32951/mufider.1051106
Chicago
Çakı, Ş. Sertaç, ve Melisa Özbiltekin. 2022. “Zombie Companies in Business Environment in Emerging Economies: Case of Turkey”. Muhasebe ve Finans İncelemeleri Dergisi 5 (1): 63-72. https://doi.org/10.32951/mufider.1051106.
EndNote
Çakı ŞS, Özbiltekin M (01 Nisan 2022) Zombie Companies in Business Environment in Emerging Economies: Case of Turkey. Muhasebe ve Finans İncelemeleri Dergisi 5 1 63–72.
IEEE
[1]Ş. S. Çakı ve M. Özbiltekin, “Zombie Companies in Business Environment in Emerging Economies: Case of Turkey”, MUFİDER, c. 5, sy 1, ss. 63–72, Nis. 2022, doi: 10.32951/mufider.1051106.
ISNAD
Çakı, Ş. Sertaç - Özbiltekin, Melisa. “Zombie Companies in Business Environment in Emerging Economies: Case of Turkey”. Muhasebe ve Finans İncelemeleri Dergisi 5/1 (01 Nisan 2022): 63-72. https://doi.org/10.32951/mufider.1051106.
JAMA
1.Çakı ŞS, Özbiltekin M. Zombie Companies in Business Environment in Emerging Economies: Case of Turkey. MUFİDER. 2022;5:63–72.
MLA
Çakı, Ş. Sertaç, ve Melisa Özbiltekin. “Zombie Companies in Business Environment in Emerging Economies: Case of Turkey”. Muhasebe ve Finans İncelemeleri Dergisi, c. 5, sy 1, Nisan 2022, ss. 63-72, doi:10.32951/mufider.1051106.
Vancouver
1.Ş. Sertaç Çakı, Melisa Özbiltekin. Zombie Companies in Business Environment in Emerging Economies: Case of Turkey. MUFİDER. 01 Nisan 2022;5(1):63-72. doi:10.32951/mufider.1051106
