1998 Fiscal Year Final Research Report Summary
The International, Comparative, and Evidential Study on New ventures and Venture capital.
| Project/Area Number |
08303013
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| Research Category |
Grant-in-Aid for Scientific Research (A)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Business administration
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| Research Institution | OSAKA GAKUIN UNIVERSITY |
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Principal Investigator |
KARIMATA Masao Osaka Gakuin University, Faculty of Administrative Sciences, Professor, 経営科学部, 教授 (70140986)
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| Co-Investigator(Kenkyū-buntansha) |
THOMA Kahuo Kobe Commercial University, Faculty of Commerce and Economy, A.Professor, 商経学部, 助教授 (70237048)
TORIBE Shingi Kobe Commercial University, Faculty of Commerce and Economy, Professor, 商経学部, 教授 (00155607)
UEFUGI Masashi Osaka Gakuin University, Faculty of Administrative Science, Professor, 経営科学部, 教授 (70122372)
NISHIMURA Keiichi Osaka Gakuin University, Faculty of Administrative Science, Professor, 経営科学部, 教授 (70094068)
GOTOO Yukio Shikoku University, Faculty of Management Information, Professor, 経営情報学部, 教授 (50047445)
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| Project Period (FY) |
1996 – 1998
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| Keywords | Ventures / Venture Capital / Venture Finance / Entrepreneurship / Incubator / Angels / Innovation / Information exchanges among different businesses |
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| Research Abstract |
Many people expect the creation of new business or ventures to overcome the long time recession in the Japanese economy These ventures can be considered as a driving force of economic growth and increasing employment, Therefore we have been studying new ventures' strategic behavior and their features for three years. We have almost realized the goalof our study. We interviewed many executives of new ventures, and we sent questionnaires to about two thousand firms. As a result, we find as follows.
Recently, in Japan the formation rate for new firms is decreasing. To create new business is difficult due to the following factors. (1) advances in management resources necessaiy to create ventures, (2) the high cost of start-up, (3)the problem of education, and (4) over regulation. In response, the Japanese government and local governments have implemented several measures to promote business start-ups. These are the Small and Medium sized Enterprise Creation Law, Small business investment companies, Incubators, Information exchange among different companies, Venture capital, and so forth. If ventures are successM, they must have their own strategies to win the competition with other companies. Those strategies are technological development, creation of market, and formation of networks. In order to develop ventures further, it is necessary for ventures to have effective management.
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