Hong, Gee Hee; Ito, Arata; Saito, Yukiko Umeno; Anh Thi … - 2020
a majority of exits in recent years were voluntary exits of firms (business closures) owned by CEOs aged 65 years or … older without business successors. In contrast to this increase in voluntary exits, other 'traditional' firm exits (such as … bankruptcies), have declined. These findings underscore the importance of addressing business transition issues in a rapidly aging …