Analysis on Evolution Model of Zombie Company under the Absence of Bank Data

In view of the fact that the data of bank loaning is difficult to be collected, this paper innovatively explores the evolution model of zombie companies by text analysis based on the researches of previous papers at home and abroad based on the financial data of zombie companies. Through the relevant researches on 27 zombies collected, the common characteristics of zombies are found out by the grounded theory. According to the relevant models of enterprise life cycle theory, the evolution model of zombie companies is drawn up, and the corresponding feedback loop of system dynamics causality in each link is further found out, so as to explore the evolutionary rules and the reasons of zombie companies, which is helpful for government to further research on zombies, and favorable for the efficient allocation of market resources and the further rapid development of social economy