Financial Profile of Zombie Firms: Evidence from the Emerging Turkish Market

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dc.authorid�ahin, Arzu/0000-0002-9944-1791
dc.contributor.authorSahin, Arzu
dc.date.accessioned2026-02-27T07:32:59Z
dc.date.available2026-02-27T07:32:59Z
dc.date.issued2025
dc.description.abstractThis study examines the financial profile of zombie companies that damage other firms, sectors, and the economy in T & uuml;rkiye, an emerging market. To investigate the factors affecting the likelihood of becoming a zombie company, panel probit models are estimated using 241 non-financial listed firms on Borsa Istanbul from 2013 to 2019. Among these firms, 64 are classified as zombies. The results indicate that the probability of becoming a zombie is higher in companies that are more indebted, less efficient in asset usage, and younger. That is, less experienced companies that invest heavily in inefficient assets have the potential to become zombies and harm the economy in the long run.
dc.identifier.doi10.17233/sosyoekonomi.2025.03.04
dc.identifier.endpage96
dc.identifier.issn1305-5577
dc.identifier.issue65
dc.identifier.startpage73
dc.identifier.urihttp://dx.doi.org/10.17233/sosyoekonomi.2025.03.04
dc.identifier.urihttps://hdl.handle.net/20.500.14669/4403
dc.identifier.volume33
dc.identifier.wosWOS:001533894800004
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherSosyoekonomi Society
dc.relation.ispartofSosyoekonomi
dc.relation.publicationcategoryMakale - Uluslararas� Hakemli Dergi - Kurum ��retim Eleman�
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20260302
dc.subjectZombie Company
dc.subjectCharacteristics of Zombies
dc.subjectBorsa & Idot;stanbul Non-Financial Firms
dc.titleFinancial Profile of Zombie Firms: Evidence from the Emerging Turkish Market
dc.typeArticle

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