2013 Fiscal Year Final Research Report
An empirical analysis on start-up ownership structure and post-entry performance
| Project/Area Number |
23530292
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Applied economics
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| Research Institution | Chuo University |
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Principal Investigator |
HONJO Yuji 中央大学, 商学部, 教授 (00328030)
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| Project Period (FY) |
2011 – 2013
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| Keywords | スタートアップ / 存続 / 起業家 / 所有構造 / 資金調達 / 新規株式公開 / 生存分析 |
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| Research Abstract |
This study explores how start-up (initial) conditions affect the post-entry performance of start-up firms in Japan. We provide some evidence on what factors affect the likelihood of an initial public offering among Japanese start-up firms. We also investigate how firms alter capital structure during the start-up stage. In addition, we examine whether entrepreneurs' human capital, such as educational levels, affects the survival of their businesses. Furthermore, we apply the survival analysis employed in this study to the analysis of delisting decisions.
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