Articles and reports: 36-28-0001202300300003Description: In Canada and other advanced economies, the share of zombie firms, defined as businesses that perform poorly over a long period of time without exiting, has been rising over the past few decades. Recent studies have shown that the share of zombie firms in Canada could potentially be the highest in the world. However, these studies for Canada are based only on publicly traded Canadian firms. This paper presents new evidence on zombification using not only publicly traded firms but also Canadian controlled private corporations, which make up a large proportion of businesses in Canada. Issue Number: 2023003Author(s): Amundsen, Alexander; Lafrance-Cooke, Amélie; Leung, DannyDOI: https://doi.org/10.25318/36280001202300300003-engMain Product:Economic and Social Reports
