Zombie firms in Canada / by Alexander Amundsen, Amélie Lafrance-Cooke and Danny Leung.: CS36-28-0001/2023-3-3E-PDF
"The literature shows that zombie firms can lower aggregate productivity, impede reallocation and constrain the growth of healthy firms. In Canada and other advanced economies, the share of zombie firms has been rising over the past few decades, with recent studies showing that the share in Canada could potentially be the highest in the world. However, these studies of the Canadian context are based only on publicly traded Canadian firms. This paper presents new evidence on zombification using Canadian-controlled private corporations and publicly traded firms. The paper finds that the zombie share among all firms is considerably lower and diverging in trend. However, a number of notable results show that zombies are increasingly showing up in the mining, quarrying, and oil and gas extraction sector; they are accounting for more resources over time; their performance and productivity are worsening; they are negatively impacting the productivity and growth of healthy firms; and they are increasingly lowering aggregate productivity by a sizable margin"--Abstract, page 1.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.921232&sl=0
| Department/Agency | Statistics Canada, issuing body. |
|---|---|
| Title | Zombie firms in Canada / by Alexander Amundsen, Amélie Lafrance-Cooke and Danny Leung. |
| Series title | Economic and social reports, 2563-8955 ; Vol. 3, no. 3, March 2023 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Other language editions | [French] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. "Release date: March 22, 2023." At head of title: Research article. Issued also in French under title: Les entreprises zombies au Canada. Includes bibliographical references (pages 19-21). |
| Publishing information | [Ottawa] : Statistics Canada = Statistique Canada, 2023. ©2023 |
| Author / Contributor | Amundsen, Alexander, author. |
| Description | 1 online resource (21 pages) : graphs. |
| Catalogue number |
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| Departmental catalogue number | 36-28-0001 |
| Subject terms | Business enterprises -- Canada -- Finance -- Statistics. Corporate debt -- Canada -- Statistics. |
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