The Dual Structure of Managerial Stability and Resilience among Small Businesses in Depopulation Areas: Evidence from Jeollanam-do, South Korea

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This study aims to analyze the factors contributing to managerial stability and resilience among small businesses in depopulation areas.
Utilized a dataset of 176 small food businesses in Jeollanam-do, South Korea from a 2025 survey.
Applied OLS regression analysis with HC3 robust standard errors to estimate determinants of business sustainability.
Explored structural relationships using path modeling based on observed variables and composite indices.
Managerial stability closely linked to the extent of revenue decline and expectations of ongoing local crises.
Resilience more closely related to employee numbers, debt burden, and challenges in staff acquisition.
Path model indicates a significant positive relationship between digital responsiveness and managerial stability.

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Examines factors affecting business sustainability in depopulation areas, suggesting new policy designs.

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Yoon et al. (2026) studied this question.

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