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May 16, 2026Journal of Industrial Economics and Business

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

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Authors

HYHong-jun YoonSYSeung-Bi Yoon

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Overview

Randomized trial examines factors affecting business sustainability in depopulation areas, suggesting new policy designs.

Key Points

  • 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.

Cite This Study

Yoon et al. (2026) studied this question.

synapsesocial.com/papers/6a0808ffa487c87a6a40b20ehttps://doi.org/10.22558/jieb.2026.4.39.2.631
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