讲座预告 | 于小悦：Government Support Policies and Zombie Firms

Using Chinese data, we examine the impact of government procurement on firm zombification. We find that government procurement can improve firms' product competitiveness and capital use efficiency, thus avoiding the trend of zombification. Under the impact of COVID-19, firms with government customers are less likely to be zombified than those without. Consistent with the principle of promoting fair competition, the effect of government procurement on zombification is more pronounced among non-local government customers and those at higher administrative levels. We also find that government procurement has regional spillover effect, which can improve the total factor productivity of other firms in the same city. Overall, our paper responds to the debate on government support policies and zombie firms, revealing the positive impact of government procurement on firm vitality.

于小悦，中国海洋大学会计学博士，中国企业营运资金管理研究中心研究助理,山东省管理学学会会员。在《管理世界》《财经研究》等核心期刊发表多篇学术论文，参与多项国家级、省部级课题研究。

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