イノベーション

研究成果の概要 (英文) : This research project has scrutinized corporate entrepreneurship by examining firm age, new entrants, and ROA volatility. We show that US firms lose efficiency, as measured by total asset turnover as they age, whereas Japanese firms’ability to generate profit from sales declines. By examining the technological distance, we calculate resource allocation rigidity of the firms. The results show at all ages, Japanese firms are more rigid than their US counterparts, although the slope is steeper in the case of US firms. These observations suggest that Japanese firms’operating profit margins decline as they age because they are less likely to change how they allocate resources and tend to stay in their existing business sectors, even if they are underperforming.

401 科研費報告書 ＞ 2019(令和元年/平成31年)年度 科学研究費補助金研究成果報告書