Abstract There have been strong evidence showing a declining trend of firm dynamism in many other OECD countries over the last three decades. However, so far there has no compelling evidence that points to any intrinsic factor(s) that may have affected the trend of declining firm dynamism. This paper investigates some potential candidates for the intrinsic factors that might be responsible for the decline in firm dynamism. Specifically, it hypothesises that globalisation and ICT (information and communication technology) have increased the flexibility in business operation, which has contributed to the decline in firm dynamics because firms can better weather positive/negative shocks with increasing business flexibility. Using data from Canada, we find empirical support for the linkage between business flexibility and firm dynamics in Canada.

中文翻译：

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全球化，ICT投资与企业活力

摘要有强有力的证据表明，在过去的三十年中，许多其他经合组织国家的企业活力下降趋势。然而，到目前为止，没有令人信服的证据表明任何可能影响企业活力下降趋势的内在因素。本文研究了可能导致企业活力下降的内在因素的潜在候选人。具体来说，它假设全球化和ICT（信息和通信技术）增加了业务运营的灵活性，这导致了公司动态的下降，因为随着业务灵活性的提高，公司可以更好地抵御正面/负面冲击。使用加拿大的数据，我们发现了加拿大业务灵活性与公司动态之间联系的经验支持。