Impact of zombie firms on the weak post-crisis growth of the Slovak Republic

• Thesis title in Czech: Dopad zombie firem na slabý pokrizový růst na Slovensku
• Thesis title in English: Impact of zombie firms on the weak post-crisis growth of the Slovak Republic
• Key words: zombie firmy, rast produktivity, prerozdeľovanie zdrojov, finančná kríza, Slovensko
• English key words: zombie firms, productivity growth, resource allocation, financial crisis, Slovakia
• Academic year of topic announcement: 2017/2018
• Thesis type: Bachelor's thesis
• Thesis language: angličtina
• Department: Institute of Economic Studies (23-IES)
• Supervisor: Petr Pleticha, M.Sc., Ph.D.
• Author: hidden - assigned by the advisor
• Date of registration: 17.05.2018
• Date of assignment: 17.05.2018
• Date and time of defence: 10.06.2019 09:00
• Venue of defence: Opletalova - Opletalova 26, O314, Opletalova - místn. č. 314
• Date of electronic submission: 09.05.2019
• Date of proceeded defence: 10.06.2019
• Opponents: prof. PhDr. Petr Teplý, Ph.D.

References

[1] Adalet McGowan, M., D. Andrews and V. Millot (2017), “The Walking Dead?: Zombie Firms and Productivity Performance in OECD Countries”, OECD Economics Department Working Papers, No. 1372, OECD Publishing, Paris.
[2] Andrews, D. and F. Petroulakis (2017), “Breaking the Shackles: Zombie Firms, Weak Banks and Depressed Restructuring in Europe”, OECD Economics Department Working Papers, No. 1433, OECD Publishing, Paris.
[3] Storz, M., Koetter, M., Setzer, R. & Westphal, A. (2017), “Do We Want these two to Tango? On Zombie Firms and Stressed Banks in Europe”, Mimeo, ECB.
[4] Adalet McGowan, M., D. Andrews and V., “Confronting the Zombies: Policies for Productivity Revival”, OECD Economic Policy Papers, No. 21, OECD Publishing.
[5] Andrews, D., C. Criscuolo and P. Gal (2016), “The Global Productivity Slowdown, Technology Divergence and Public Policy: A Firm Level Perspective”, OECD Productivity Working Papers, No. 5.

Preliminary scope of work in English

Research question and motivation
The global crisis at the beginning of the 21st century had a major impact on changes in politics and the economy. The current topic of economic growth and convergence of the Slovak Republic is the weaker productivity growth, which is the result of several factors. One of them is a huge difference in productivity development among enterprises. The post-crisis development also shows that the gaps in labour productivity and total factor productivity in Slovakia are increasing. Therefore, the primary aim of this bachelor thesis will be to analyze weak post-crisis productivity growth in the Slovak Republic in a complex manner and identify the impact of the zombie firms, companies that continue to operate, although they have problems repaying their commitments or are close to bankruptcy, on this growth.

Contribution
Zombie companies employ people, who can be more productive in more effective enterprises, what means that they would create higher added value. From this point of view, the possible redistribution of the workforce from zombie firms can be perceived as one of the possibilities of increasing the growth of total state productivity. The selected time period and the use of economic analysis tools will allow for in-depth analysis, which means that it will be possible to find out how the identified zombie firms are influencing the productivity growth.

Methodology
A statistical overview of the economic situation of selected zombie firms will be constructed based on the primary sources and the secondary sources. The study will use the correlation analysis, probit and logit estimates based on data from the post-crisis period. Subsequently, the statistical results will be analyzed to assess the impact of individual companies on the economic situation in Slovakia

Outline
Abstract
1. Introduction
2. Overview of the literature
3. Theoretical part
4. Data and Methodology
5. Interpretation of results
6. Conclusion
Bibliography, appendix, tables, and charts