Business
Living dead: The post-pandemic world will be full of zombies – Sydney Morning Herald
The post-pandemic world looks set to be littered with zombie companies, zombie markets and zombie economies, kept on life support in response to COVID-19.
Zombie companies are those that are unprofitable, unable to cover their interest costs and with low market valuations relative to the book values of their assets ( which implies poor growth prospects).
The BIS data is based on listed companies, although it does discuss the implications of its findings for what might be occurring among unlisted entities.
The data shows that from the late 1980s to 2017 the proportion of zombie companies in listed markets rose from 4 per cent to 15 per cent.
Per…
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