Abstract:Purpose -This paper aims to analyze the industry characteristics and the strategic behavior of companies that affect zombie companies.Theoretical framework -The study was based on the structure-conductperformance paradigm derived from industrial organization theory, because it allows us to explain a firm's results through behavior influenced by external and internal factors.Design/methodology/approach -For the data analysis, the corrected standard errors technique was used on a data set of 99 companies registe… Show more
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