Can “Zombie Enterprises” Find Self-Help Road through Technological Innovation?

Abstract

“Cutting overcapacity” is the primary task of supply-side structural reform in China, which focuses on “disposing and eliminating zombie enterprises firmly”. “Zombie enterprises” usually refer to those who fall into a financial crisis but rely on the support of the government or the bank to survive. At present, the research of “zombie enterprise” by scholars at home and abroad is mainly concentrated in the macro level. But this paper argues that the enterprise is a specific market player, therefore, if you want to crack the “zombie enterprise” problem fundamentally, you should ultimately start from the enterprise , p romoting the efficient use of resources through technological innovation, which helps enterprises to establish core competitiveness and drives the sustainable development of enterprises.