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Table 1. 
Proportion of zombie firms by year
YearTotalZombiesProportion (Equally Weighted)Proportion (Weighted Assets)Proportion (Weighted Debts)
2005 229,627 38,317 16.69% 16.05% 20.49% 
2006 243,592 37,197 15.27% 14.11% 17.73% 
2007 271,596 32,915 12.12% 10.70% 13.42% 
YearTotalZombiesProportion (Equally Weighted)Proportion (Weighted Assets)Proportion (Weighted Debts)
2005 229,627 38,317 16.69% 16.05% 20.49% 
2006 243,592 37,197 15.27% 14.11% 17.73% 
2007 271,596 32,915 12.12% 10.70% 13.42% 

Source: Authors’ estimation.

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