Overview
A turning point has come in the monetary policy after many years of quantitative and qualitative monetary easing. After the policy shift, we will see an even larger number of firms making survival or exit decisions. Therefore, it is important to examine whether the process of firm survival and exit is efficient in Japan. On the other hand, it is equally important to focus on new business start-ups to ensure efficient resource reallocation. The government actively encourages new business start-ups by providing subsidies, equity, and loans. This project investigates the role of finance and the government in the exit, survival, and entry of firms using micro-level data. It also focuses on out-of-court debt workouts, business inheritance, and mergers and acquisitions as they are closely related to these issues.
May 13, 2024 - October 31, 2026
（During the research project period, the research activity period is set from May 13, 2024 , to April 30, 2026, and the data usage reporting period is set from May 1, 2026 to October 31, 2026.）
