The Role of Government Subsidies in Solving “Zombie Firm” Problem

Journal of Renmin University of China ›› 2019, Vol. 33 ›› Issue (2) : 89-96.

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主管:教育部
主办:中国人民大学
ISSN 1000-5420  CN 11-1476/C
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Journal of Renmin University of China ›› 2019, Vol. 33 ›› Issue (2) : 89-96.

The Role of Government Subsidies in Solving “Zombie Firm” Problem

  • SONG Jianbo1, SU Zihao1, WANG Dehong2
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Abstract

Government subsidies are not the root cause of the formation of “zombie firms”The complex and extensive interest relationship of “zombie firm” determines that the mere use of market force to clear “zombie firm” deviates from the goal of highquality economic developmentThe ability and limits of government intervention in the market determine the rationality of using government subsidy as the regulation measurementUsing government subsidy is not to renew the life of “zombie firms”, but to fix their problemsIt is essential to improve the efficiency of subsidies, which lies in the balance of the planning and competitiveness of the subsidy market, in the strengthening of the management of subsidies use in specific ways, and in the improvement of the disclosure system of subsidy funds

Key words

zombie firm  / government subsidy  / economic growth  / stakeholder

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The Role of Government Subsidies in Solving “Zombie Firm” Problem[J]. Journal of Renmin University of China, 2019, 33(2): 89-96
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