Percorrer por autor "Vieira, Anabela Pereira Alves"
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- As características e os determinantes das empresas Zombie entre 2010 e 2018: caso do setor secundário portuguêsPublication . Vieira, Anabela Pereira Alves; Silva, Armando Mendes Jorge Nogueira daThe term “zombie companies” begins in Japan and is based on the study of the various companies that remained in the market, although apparently they did not present conditions for such. Several authors have addressed the topic, so there are some different definitions for this type of company; in turn, in general, these are companies that, despite having been in the market for at least 10 years, are financed through bank debt or with the help of government subsidies, but which maintain salaries above the average of their sector, even with weak productivity. Concretely, in this analysis, zombie were defined as companies with at least ten years, with an interest coverage ratio of less than 1 for three consecutive years and presenting negative profits, based on the definition of McGowan, Andrews and Millot, 2017. In the present study, it was possible to verify that there are common characteristics such as the size, age of the company, the sector of economic activity to which it belongs and the Gross Domestic Product of the administrative region where it is located, which lead to a company having a higher probability to become a zombie. In a second phase of the study, note that the number of years a company remains in the zombie state can be influenced by the exploration subsidies received, its size and its age.