COPING METHODS OF BANKRUPTCY LAW ON ZOMBIE ENTERPRISES IN THE BACKGROUND OF STRUCTURAL REFORM OF SUPPLY-SIDE
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 1
Abstract
It is an important task to promote the structural reform of supply-side by properly disposing of the zombie enterprises, making full use of the principles of marketization and legalization. Among the effective methods to the disposal of the zombie enterprises, the one of legalization taking the bankruptcy law as the core, is the most powerful weapon. First of all, by using the methods of literature analysis and empirical research, this paper puts forward the identification method, cause of formation, harm and the necessity of proper disposal of the zombie enterprises. Considering the problems that exist in China’s bankruptcy reorganization system, the paper then puts forward three pieces of suggestion to perfect the current bankruptcy law, the first is to create more channels to resolve the bankruptcy case’s “initial start difficulty”, the second is to improve the bankruptcy proceedings, the third is to establish the supporting system of the bankruptcy system, in order to provide the guarantee mechanism for purging zombie enterprises by way of marketization and legalization under the background of the structural reform of supply-side.
Authors and Affiliations
Zhang Zhongqiang, Shen Laijin
Keywords
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- EP ID EP412751
- DOI 10.26480/icemi.01.2017.30.32
- Views 81
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