Research On The Degree Of Enterprise Zombification, Rescue Value And Rescue Measures

At present,China’s economic development has entered a new normal,and the economic growth rate has gradually slowed down.At the same time,it is also an important period of economic transformation and upgrading.China’s various industries and industries have experienced serious overcapacity,which has spawned a large number of zombie enterprises.Zombie enterprises have seriously hindered the stable development of the domestic economic market,occupying a large amount of market resources and greatly reducing the efficiency of resource allocation,which has brought more negative effects on industrial transformation and upgrading,and also violated the sustainable development of the economy..When facing the zombie enterprises,the state issued a series of governance policies,committed to promoting supply-side reforms and reducing production capacity,in order to reduce the number of zombie enterprises in the market.Therefore,to effectively and quickly solve the problem of zombies,first of all,it should be able to accurately identify the zombies and measure the zombies of the companies;when choosing the disposal method for the companies that have become zombies,they should first save their value Judgment is made,and suitable disposal methods are selected for the zombie enterprises with salvation value,so as to achieve the purpose of high efficiency and low risk.This article first uses the zombie enterprise zombie index model method to define the degree of enterprise zombie.The zombie enterprise zombie index model method integrates various characteristic variables of the enterprise and conducts a comprehensive analysis of the enterprise.The results of the zombie index can quantitatively reflect the degree of enterprise zombies.The larger the zombie index,the higher the degree of enterprise zombies,and the two are positively related.When the result of the enterprise’s zombie index exceeds the defined value,the enterprise is judged as a zombie enterprise,and it is necessary to further judge its salvage value.Then,through the Harvard analysis framework and the evaluation of the value of the enterprise,this article comprehensively analyzes the performance of all aspects of the enterprise to determine whether the zombie enterprise has salvation value.Next,for the zombie enterprises with salvage value,combined with the characteristics of the enterprise itself,choose the matching rescue measures for the enterprise and rescue them.For the disposal of zombies,it is not a one-size-fits-all solution.By judging thevalue of saving,choosing the appropriate rescue measures for the zombies can not only minimize the disposal risk of the zombies,but also reduce the number of zombies and reduce the zombies in the market more directly and efficiently.This article takes ZT as a case study,systematically analyzes the performance of ZT when it is defined as a zombie enterprise and the salvage value of the company,and how the company completes the "de-stiffness" by choosing the correct rescue measures.