COVID-19 has a negative impact on business performance through anti-contagion regulations and consumers’ self-restraints. It is especially serious in specific service industries such as hospitality, tourism, entertainment, and cultural industries. Empirical studies have been carried out on the...

Using the USPTO patent database, this study empirically unpacks the black box of the firm age effects on innovation. We directly measure a potential mediating variable, the extent of firms’ reconfiguration of R&D portfolios (which we call firms’ own R&D proximity). We find that higher R&D...

In Japan's response to coronavirus disease 2019 (COVID-19), virus testing was limited to symptomatic patients due to limited testing capacity. This made it difficult to get a complete picture of the infection, and it is still making it difficult to assess the appropriateness of various...

Empirical studies on small business survival and exits focus on endogenous firms and top manager characteristics, whereas few studies consider exogenous demand shocks and local consumer awareness and behavior, which are especially important for local hospitality industries. Therefore, this study...

With the advancement of technology and increase in its complexity, the use of external information and resources provides companies with an important competitive advantage. In addition, the university-industry relationship has received attention with increases in the importance of science....