Structural Change in Firm Dynamics: From Inter-Firm Network and Geospatial Perspectives
Structural Change in Firm Dynamics: From Inter-Firm Network and Geospatial Perspectives
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发表时间：
2019
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通讯作者：
Hong;Gee Hee;Y. Umeno;Yoshiaki Ogura;Y. Saito
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作者：
Hong;Gee Hee;Y. Umeno;Yoshiaki Ogura;Y. Saito
本文使用2007年至2016年的面板数据，分析了日本前所未有的人口老龄化对企业动态的影响。我们的分析证实，在此期间，由于公司进入和退出的比率较低，平均公司年龄增加。CEO的平均年龄也随着人口老龄化和CEO的低流动性而增加。公司和CEO的老龄化在农村地区比城市地区更为突出。此外，由于公司自愿退出与CEO的年龄正相关，随着人口老龄化的加剧，可能会出现更多的退出。在农村地区，企业密度低可能意味着寻找新的交易伙伴的成本较高。交易伙伴退出导致的企业退出更有可能发生在农村地区。我们的研究结果表明，旨在支持企业继承和解决自愿存在的增加的政策应迎合企业的生命周期以及企业的地理位置。关键字：企业成长、新陈代谢、人口老龄化、企业间网络JEL分类：D22、O12、R11 RIETI政策论文系列是作为RIETI研究的一部分，旨在及时地为政策讨论做出贡献。本文仅代表作者个人观点，不代表作者所属机构和经济产业研究所的观点。1本文是RIETI研究项目“组织间网络的动态与地理学”以及与日本中小企业厅合作项目的一部分。与日本中小企业厅的项目为我们提供了访问东京商工研究所（TSR）数据的机会。
This paper examines how unprecedented population aging affects firm dynamics in Japan, using the panel data from 2007 to 2016. Our analysis confirms that during this time, average firm age increased due to low rates of firm entry and exit. Average age of CEOs also increased with population aging and low turnover of CEOs. Aging of firms and CEOs is more salient in rural areas than urban areas. Furthermore, as voluntary firm exits are positively correlated with the age of CEOs, more exits are likely to occur as population aging intensifies. In rural areas, low density of firms may imply higher search costs in finding new transaction partners. Firm exit induced by exit of transaction partners is more likely to happen for rural areas. Our results suggest that policies aimed at supporting business succession and addressing increases in voluntary exists should cater to the lifecycle of firms as well as the geographic location of firms. Keyword: firm growth, metabolism, population aging, inter-firm network JEL classification: D22, O12, R11 The RIETI Policy Discussion Papers Series was created as part of RIETI research and aims to contribute to policy discussions in a timely fashion. The views expressed in these papers are solely those of the author(s), and neither represent those of the organization(s) to which the author(s) belong(s) nor the Research Institute of Economy, Trade and Industry. 1 This paper is produced as a part of the RIETI’ project “Dynamics of Inter-organizational Network and Geography” as well as the joint project with the Small and Medium Enterprise Agency of Japan. The project with the SME Agency of Japan provides us with the access to the data of Tokyo Shoko Research, LTD. (TSR).