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1 – 10 of 109
Article
Publication date: 4 January 2024

Takehide Ishiguro and Akihiro Yamada

This study investigates the relationship between foreign ownership, earnings quality and overinvestment in Japanese zombie firms.

Abstract

Purpose

This study investigates the relationship between foreign ownership, earnings quality and overinvestment in Japanese zombie firms.

Design/methodology/approach

The study makes use of data from Japanese firms listed on the first section of the Tokyo Stock Exchange from 2009 to 2019. The study employs logistic and multinomial logistic models to test whether the overinvestment behavior of zombie firms is mitigated by foreign shareholdings and earnings quality.

Findings

The results show that (1) zombie firms tend to overinvest; (2) an increase in foreign ownership mitigates the overinvestment of zombie firms and (3) the mitigation of zombie firms' overinvestment by foreign ownership is stronger with higher earnings quality.

Originality/value

This study extends the discussion of earnings quality and investment efficiency to the zombie firm setting. Previous studies in accounting suggest that high earnings quality enhances firms' investment efficiency. The findings suggest that both a change in ownership structure and high-quality accounting information are necessary to mitigate the inefficiency of zombie firms.

Details

Asian Review of Accounting, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1321-7348

Keywords

Article
Publication date: 25 December 2023

David Veganzones and Eric Severin

This study investigates the connection between corporate governance and zombie firm’s exit time.

Abstract

Purpose

This study investigates the connection between corporate governance and zombie firm’s exit time.

Design/methodology/approach

With a sample of 2,794 French zombie firms, the analysis focuses on four aspects of corporate governance: board size (BS), managerial ownership (MO), director turnover (DT) and ownership concentration, using tobit regression.

Findings

Dimensions of corporate governance have an important role in determining zombie firms’ exit time. MO and ownership concentration increase zombie firm exit time, whereas larger BSs and DT reduce it.

Originality/value

To the best of the authors’ knowledge, this study is the first to include corporate governance as a characteristic relevant to zombie firms’ exit time. It provides new insights on why some zombie firms remain in the market longer than expected.

Details

European Business Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0955-534X

Keywords

Open Access
Article
Publication date: 30 October 2023

Arjun Pratap Upadhyay and Pankaj Kumar Baag

This paper reviews the literature on zombie firms to provide a holistic view by delineating their formation, impact, widespread nature, prevention and policy implications.

Abstract

Purpose

This paper reviews the literature on zombie firms to provide a holistic view by delineating their formation, impact, widespread nature, prevention and policy implications.

Design/methodology/approach

This paper uses a systematic literature review methodology, in which 76 papers published in journals ranked on the Australian Business Deans Council (ABDC) 2022 list were reviewed. The study period was from 2000 to 2022.

Findings

Among the main findings, the widespread problems of zombie firms were evident. The authors found that consistent support, either in the form of government grants or a weak financial framework, was responsible for their formation. The suboptimal performance of factors of production, depressed job creation, low innovation and overall negative impact on economic activity are the consequences of zombification. This can be controlled by ensuring better bankruptcy codes, focused on government assistance, technology use and better due diligence by banks.

Practical implications

This review serves as a reference point for future researchers as a cohesive and holistic study presenting a full picture of the problem, so that the proposed solutions are robust and tenable.

Originality/value

This review is among the initial attempts to comprehensively study published work on zombie firms in terms of analyzing their region-specific nature, with an emphasis on definition, causes, impact and prevention.

Details

China Accounting and Finance Review, vol. 26 no. 1
Type: Research Article
ISSN: 1029-807X

Keywords

Article
Publication date: 14 November 2023

Donna Ellen Frederick

The purpose of this paper is to discuss how retracted scientific papers become zombie papers and why they are problematic and to encourage librarians to become active in…

Abstract

Purpose

The purpose of this paper is to discuss how retracted scientific papers become zombie papers and why they are problematic and to encourage librarians to become active in addressing these problems.

Design/methodology/approach

This paper explains what zombie papers are, how they are created and the potential impact they can have on the body of scientific literature. It explains how and why they are different than other common types of misleading scientific publications. It also explores recent developments such as the growth of artificial intelligence (AI) technologies and changes to organizations that make data about paper retractions available.

Findings

While journal retractions are as old as scientific publishing itself, the seriousness of retractions persisting and being used in the body of scientific literature has recently been recognized as a serious concern. The rise of new AI technologies such as ChatGPT has made the presence of zombie papers in the data used to train large language models (LLMs) extremely concerning.

Originality/value

While librarians are well-aware of journal retractions and most include information about them in their information literacy training, concerns around zombie papers and their potential presence in the data used to train LLMs will likely be a new consideration for most.

Article
Publication date: 13 February 2023

Andrew Pressey, David Houghton and Dogá Istanbulluoglu

We have witnessed an evolution in the use of smartphones in recent years. We have been aware for some time of the potentially deleterious impact of smartphones on users' lives and…

Abstract

Purpose

We have witnessed an evolution in the use of smartphones in recent years. We have been aware for some time of the potentially deleterious impact of smartphones on users' lives and their propensity for user addiction, as reflected in the large and growing body of work on this topic. One modern phenomenon – the distracted mobile phone user in public, or “smartphone zombie” – has received limited research attention. The purpose of the present study is to develop a robust measure of smartphone zombie behaviour.

Design/methodology/approach

The research deign comprises three studies: A round of focus groups (n = 5) and two online surveys (survey one n = 373, survey two n = 386), in order to develop and validate a three-factor, 15-item measure named the Smartphone Zombie Scale (SZS).

Findings

Following the round of focus groups conducted, Exploratory Factor Analysis and a Confirmatory Factor Analysis, the SZS measure (Cronbach's α = .932) is demonstrated to be robust and comprises three factors: Attention Deficit (Cronbach's α = .922), Jeopardy (Cronbach's α = .817) and Preoccupation (Cronbach's α = .835), that is shown to be distinct to existing closely related measures (Smartphone Addiction scale and Obsessive Compulsive Use).

Originality/value

The present study represents the first extant attempt to produce a measure of smartphone zombie behaviour, and provides us with a reliable and valid measure with which we can study this growing phenomenon.

Details

Information Technology & People, vol. 37 no. 1
Type: Research Article
ISSN: 0959-3845

Keywords

Abstract

Details

Sameness and Repetition in Contemporary Media Culture
Type: Book
ISBN: 978-1-80455-955-0

Abstract

Details

Haunting Prison: Exploring the Prison as an Abject and Uncanny Institution
Type: Book
ISBN: 978-1-80455-368-8

Graphic analysis
Publication date: 18 October 2023

Firms need to repay or roll over some USD5.5tn of corporate debt obligations in 2024, with interest rates still high

Details

DOI: 10.1108/OXAN-GA282756

ISSN: 2633-304X

Keywords

Geographic
Topical
Book part
Publication date: 8 April 2024

Ladislava Issever Grochová and Michal Škára

This chapter examines the impact of sectoral indebtedness on GDP in Czechia, initially a low-indebted small open economy in which debt dynamics are becoming a major concern. The…

Abstract

This chapter examines the impact of sectoral indebtedness on GDP in Czechia, initially a low-indebted small open economy in which debt dynamics are becoming a major concern. The impact of household debt, non-financial corporation debt and public debt is analysed with the use of local projections based on instrumental variable estimations. The results show a more pronounced influence of household debt compared to non-financial corporation and government debt. Initially, increasing household debt stimulates short-run economic activity, but in the medium run, it limits household consumption and negatively affects output. This negative impact gradually turns into a positive effect in the long run. Non-financial corporation debt has a negative short- to medium-run impact but can have a small positive effect in the long run due to the prevalence of tradable industries. Public debt initially has a short-run negative impact, but then gradually becomes positive. Overall, the findings have implications for macroeconomic policies and the importance of monitoring financial stability.

Details

Modeling Economic Growth in Contemporary Czechia
Type: Book
ISBN: 978-1-83753-841-6

Keywords

Article
Publication date: 4 August 2022

Ha Minh Nguyen and Luan Vinh Nguyen

This study examines the effects of employer attractiveness (EA) on employee engagement (EE) and employee performance (EP).

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Abstract

Purpose

This study examines the effects of employer attractiveness (EA) on employee engagement (EE) and employee performance (EP).

Design/methodology/approach

Mixed method. The analytical technique is the Partial Least Squares Structural Equation Modeling through survey questionnaires collected from 937 respondents as employees from 37 enterprises in Vietnam.

Findings

EA has a positive impact on EE and EP factors. However, EE has no statistically significant impact on EP.

Practical implications

This study helps managers build solutions toward retaining talent and improving EP through the strategy of building EA. Concurrently, this study guides the important factors to build an effective EA.

Originality/value

This study explores the relationship between three factors: EA, EE and EP. This has added a new research direction of EA to existing employees. In addition, the study results provide a new perspective on the relationship between EE and EP.

Details

International Journal of Productivity and Performance Management, vol. 72 no. 10
Type: Research Article
ISSN: 1741-0401

Keywords

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