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In this research, we analyze how CEO power affects the survival of enterprises in Japanese online securities industry. According to the results of the analysis, the stronger the influence of management, the more positive the relationship with withdrawal was found. On the other hand, there was no influence of distress which has a big influence on enterprise survival.doi:10.18880/00013424 fatcat:wlufvkl73nea3ary32k2oip5jq