Study on the risk mitigation mechanism of China's small and medium-sized zombie enterprises withdrawing from the market
DOI:
https://doi.org/10.55014/pij.v6i4.488Keywords:
small and micro enterprise, exit mechanism, risk mitigation mechanismAbstract
In recent years, the global economic environment is facing great challenges, especially the rapid development of digital economy, which makes a large number of small and medium-sized enterprises actively or passively adapt to the rapid changes of this society.Economic and social development and transformation and upgrading make a large number of enterprises constantly updated and eliminated. However, due to the imperfect relevant mechanism for withdrawing from the market, a large number of enterprises in the Chinese market are in the situation of bankruptcy but cannot withdraw from the market in time, and the creditor's rights and debt relations cannot be clarified in time.Combined with the reality of China, this paper analyzes the mechanism and risk of China's small and medium-sized zombie enterprises to withdraw from the market, and then puts forward the corresponding risk release mechanism.Such as the corporate governance system is relatively perfect enterprise in accordance with the relevant provisions of the bankruptcy law strict exit mechanism, the corporate governance structure of simple small micro enterprise is consider appropriate government intervention, but to avoid excessive positive government intervention, according to the market rules formulate corresponding local laws and regulations to solve the risk of small micro enterprise exit, avoid regional economic systemic risk.
Downloads
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Pacific International Journal
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.