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A study on the growth of high-tech start-ups: Emprical evidence from the perspective of technology and governance

Research Project

Project/Area Number 26285060
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypePartial Multi-year Fund
Section一般
Research Field Economic policy
Research InstitutionChuo University

Principal Investigator

Honjo Yuji  中央大学, 商学部, 教授 (00328030)

Co-Investigator(Kenkyū-buntansha) 大西 宏一郎  大阪工業大学, 公私立大学の部局等, 講師 (60446581)
沈 政郁  京都産業大学, 経済学部, 准教授 (70706499)
羽田 尚子  中央大学, 商学部, 准教授 (80384022)
加藤 雅俊  関西学院大学, 経済学部, 准教授 (80507707)
Co-Investigator(Renkei-kenkyūsha) YAMADA Kazuo  長崎大学, 経済学部, 准教授 (90633404)
Project Period (FY) 2014-04-01 – 2017-03-31
Project Status Completed (Fiscal Year 2016)
Budget Amount *help
¥16,900,000 (Direct Cost: ¥13,000,000、Indirect Cost: ¥3,900,000)
Fiscal Year 2016: ¥2,860,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥660,000)
Fiscal Year 2015: ¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2014: ¥10,790,000 (Direct Cost: ¥8,300,000、Indirect Cost: ¥2,490,000)
Keywordsアントレプレナーシップ / イノベーション / ガバナンス / 技術 / 人的資本 / 成長 / ハイテクスタートアップ / ファイナンス / スタートアップ / 退出
Outline of Final Research Achievements

This study examines the determinants of post-entry performance of high-tech start-ups in Japan to identify the process from entrepreneurship to innovation. In this study, we newly construct a data set of high-tech start-ups by matching some data sources. Using this data set, we investigate how entrepreneurs’ human capital, including technological ability, and governance at founding affect the post-entry performance of firms. Moreover, we provide some evidence on what factors affect the growth of high-tech start-ups, which will lead to policies to promote entrepreneurship and innovation in high-tech start-ups.

Report

(4 results)
  • 2016 Annual Research Report   Final Research Report ( PDF )
  • 2015 Annual Research Report
  • 2014 Annual Research Report
  • Research Products

    (17 results)

All 2017 2016 2015 2014

All Journal Article (9 results) (of which Acknowledgement Compliant: 7 results,  Peer Reviewed: 1 results,  Open Access: 3 results) Presentation (6 results) (of which Int'l Joint Research: 4 results) Book (1 results) Funded Workshop (1 results)

  • [Journal Article] Does patenting always help new-firm survival?2017

    • Author(s)
      Kato, M., Onishi, H., Honjo, Y.
    • Journal Title

      Discussion Paper Series, School of Economics, Kwansei Gakuin University

      Volume: 159 Pages: 1-44

    • Related Report
      2016 Annual Research Report
    • Acknowledgement Compliant
  • [Journal Article] Petty cash from parents: provision liquidity to spin-offs by trade credit channel2017

    • Author(s)
      Yamada, K., Honjo, Y.
    • Journal Title

      IBRCU Working Paper Series, Institute of Business Research, Chuo University

      Volume: 41 Pages: 1-24

    • Related Report
      2016 Annual Research Report
    • Acknowledgement Compliant
  • [Journal Article] The impact of entrepreneurial human capital on initial funding: evidence from Japan2017

    • Author(s)
      Honjo, Y.
    • Journal Title

      Discussion Paper Series, Institute of Business Research, Chuo University

      Volume: 42 Pages: 1-31

    • Related Report
      2016 Annual Research Report
    • Acknowledgement Compliant
  • [Journal Article] Do initial financial conditions determine the fate of start-up firms?2016

    • Author(s)
      Honjo, Y., Kato, M.
    • Journal Title

      Discussion Paper Series, School of Economics, Kwansei Gakuin University

      Volume: 139 Pages: 1-34

    • Related Report
      2015 Annual Research Report
    • Open Access / Acknowledgement Compliant
  • [Journal Article] Public or perish: initial public offering of start-up firms in Japan2016

    • Author(s)
      Honjo, Y.
    • Journal Title

      IBRCU Working Paper Series, Institute of Business Research, Chuo University

      Volume: 38 Pages: 1-37

    • Related Report
      2015 Annual Research Report
    • Acknowledgement Compliant
  • [Journal Article] Capital Structures of Startup Firms2015

    • Author(s)
      本庄裕司
    • Journal Title

      Organizational Science

      Volume: 49 Issue: 1 Pages: 4-18

    • DOI

      10.11207/soshikikagaku.49.1_4

    • NAID

      130005162101

    • ISSN
      0286-9713, 2187-932X
    • Year and Date
      2015-09-20
    • Related Report
      2015 Annual Research Report
    • Open Access / Acknowledgement Compliant
  • [Journal Article] Entrepreneurial human capital and the survival of new firms in high- and low-tech sectors2015

    • Author(s)
      Kato, Masatoshi and Honjo, Yuji
    • Journal Title

      Journal of Evolutionalry Economics

      Volume: 25 Issue: 5 Pages: 925-957

    • DOI

      10.1007/s00191-015-0427-3

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Initial public offering and financing of biotechnology start-ups: evidence from Japan2015

    • Author(s)
      Honjo, Y., Nagaoka, S.
    • Journal Title

      IIR Working Paper Series, Institute of Innovation Research, Hitotshbashi University

      Volume: WP#15-20 Pages: 1-42

    • Related Report
      2015 Annual Research Report
    • Open Access
  • [Journal Article] Trade credit or bank loans? Debt choice of start-up firms in Japan2015

    • Author(s)
      Ikeda, Y., Honjo, Y.
    • Journal Title

      IBRCU Working Paper Series

      Volume: 35 Pages: 1-27

    • Related Report
      2014 Annual Research Report
    • Acknowledgement Compliant
  • [Presentation] Patent vs. copyright: Which is better signal to attract venture capitalists in software industry?2017

    • Author(s)
      大西宏一郎,山内勇
    • Organizer
      日本経済学会2017年度春季大会
    • Place of Presentation
      立命館大学びわこ・くさつキャンパス
    • Year and Date
      2017-06-24
    • Related Report
      2016 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Do initial financial conditions determine the fate of start-up firms?2016

    • Author(s)
      Honjo, Y., Kato, M.
    • Organizer
      The 16the International Joseph A. Schumpeter Society Conference
    • Place of Presentation
      Montreal
    • Year and Date
      2016-07-06
    • Related Report
      2016 Annual Research Report
    • Int'l Joint Research
  • [Presentation] The impact of initial financial conditions on survival and exit: evidence from start-up firms in Japan2015

    • Author(s)
      Honjo, Y.
    • Organizer
      Research in Entrepreneurship and Small Business
    • Place of Presentation
      Zagreb
    • Year and Date
      2015-11-18
    • Related Report
      2015 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Do family firms learn more from other family firms than from non-family firms? Adoption of the board reform2015

    • Author(s)
      Shim, JW.
    • Organizer
      27th Annual Meeting of Society for the Advancement of Socio-Economics
    • Place of Presentation
      London
    • Year and Date
      2015-07-02
    • Related Report
      2015 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Trade credit or bank loans? Debt choice of start-up firms in Japan2015

    • Author(s)
      Ikeda, Y., Honjo, Y.
    • Organizer
      日本経済学会2015年度春季大会
    • Place of Presentation
      新潟大学
    • Year and Date
      2015-05-23 – 2015-05-24
    • Related Report
      2014 Annual Research Report
  • [Presentation] Determinansts of quantitative and qualitative employment growth: a comparison between R&D-oriented and other start-ups2014

    • Author(s)
      Kato, M., Okamuro, H.
    • Organizer
      日本経済学会2014年度秋季大会
    • Place of Presentation
      西南学院大学
    • Year and Date
      2014-10-11 – 2014-10-12
    • Related Report
      2014 Annual Research Report
  • [Book] Competition, Innovation, and Growth in Japan2017

    • Author(s)
      Honjo, Y.
    • Total Pages
      267
    • Publisher
      Springer
    • Related Report
      2016 Annual Research Report
  • [Funded Workshop] Tokyo Workshop on Entrepreneurship and Innovation2017

    • Place of Presentation
      中央大学駿河台記念館
    • Year and Date
      2017-03-16
    • Related Report
      2016 Annual Research Report

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Published: 2014-04-04   Modified: 2018-03-22  

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