Details about Masatoshi Kato

Access statistics for papers by Masatoshi Kato.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: pka354

Working Papers

2024

1. Does user entrepreneurship matter for start-up financing? Evidence from Japan
   Discussion Paper Series, School of Economics, Kwansei Gakuin University
2. Outside or inside the firm? The impact of debt financing on the exit routes of start-up firms
   TDB-CAREE Discussion Paper Series, Teikoku Databank Center for Advanced Empirical Research on Enterprise and Economy, Graduate School of Economics, Hitotsubashi University
   See also Journal Article Outside or inside the firm? The impact of debt financing on the exit routes of start-up firms, Small Business Economics, Springer (2025) (2025)

2022

3. Does VC Investor Type Matter? Determinants and effects of VC backing for new firms in Japan
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2020

4. CEO Succession and New-Firm Performance: Does Successor Origin Matter?
   Discussion Paper Series, School of Economics, Kwansei Gakuin University

2019

5. Trademarks as an indicator of regional innovation: Evidence from Japanese prefectures
   Discussion Paper Series, School of Economics, Kwansei Gakuin University View citations (1)
   See also Journal Article Trademarks as an indicator of regional innovation: evidence from Japanese prefectures, Regional Studies, Taylor & Francis Journals (2022) View citations (8) (2022)

2018

6. Growth paths and routes to exit: ‘Shadow of Death’ effects for new firms in Japan
   Discussion Paper Series, School of Economics, Kwansei Gakuin University View citations (1)
   See also Journal Article Growth paths and routes to exit: 'shadow of death' effects for new firms in Japan, Small Business Economics, Springer (2021) View citations (9) (2021)

2017

7. Does patenting always help new-firm survival?
   Discussion Paper Series, School of Economics, Kwansei Gakuin University View citations (3)
8. Founders’ human capital and external knowledge sourcing: An absorptive capacity perspective for innovative start-ups
   Discussion Paper Series, School of Economics, Kwansei Gakuin University

2016

9. Do initial financial conditions determine the fate of start-up firms?
   Discussion Paper Series, School of Economics, Kwansei Gakuin University View citations (2)
10. Internal R&D and External Knowledge Acquisition of Start-up Firms: Exploring the Role of Entrepreneurial Human Capital
    Discussion Paper Series, School of Economics, Kwansei Gakuin University
11. Numerical labor flexibility and innovation outcomes of start-up firms: A panel data analysis
    Discussion Paper Series, School of Economics, Kwansei Gakuin University
    See also Journal Article Numerical labor flexibility and innovation outcomes of start-up firms: A panel data analysis, Technovation, Elsevier (2018) View citations (13) (2018)

2015

12. Determinants of Quantitative and Qualitative Employment Growth: A Comparison between R&D-oriented and Other Start-ups in Japan
    CCES Discussion Paper Series, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University

2013

13. Survival and Distinct Exit Routes of New Firms
    Discussion Paper Series, School of Economics, Kwansei Gakuin University

2012

14. Does New Entry Drive Out Incumbents? Evidence from establishment-level data in Japan
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2011

15. Does Founders’ Human Capital Matter for Innovation? Evidence from Japanese Start-ups
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (12)
    Also in Discussion Paper Series, School of Economics, Kwansei Gakuin University (2011) View citations (3)
    See also Journal Article Does Founders' Human Capital Matter for Innovation? Evidence from Japanese Start‐ups, Journal of Small Business Management, Taylor & Francis Journals (2015) View citations (5) (2015)

2010

16. Development of University Life-Science Programs and University-Industry Joint Research in Japan
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University
    Also in Discussion Paper Series, School of Economics, Kwansei Gakuin University (2010)
    See also Journal Article Development of university life-science programs and university–industry joint research in Japan, Research Policy, Elsevier (2012) View citations (7) (2012)
17. Heterogeneous Exits: Evidence from New Firms
    Discussion Paper Series, School of Economics, Kwansei Gakuin University
    Also in CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University (2010)
18. R&D financing of start-up firms: How much does founders' human capital matter?
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (1)

2009

19. Determinants of R&D cooperation in Japanese high-tech start-ups
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (7)

2008

20. A Survey of Research on Productivity Analysis Using Microdata - Impact of Entry, Exit, Economic Globalization, Innovation and Systemic Reform (Japanese)
    Policy Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI) View citations (1)

2007

21. Global Trends in Innovation Policy: A Survey Analysis(in Japanese)
    ESRI Discussion paper series, Economic and Social Research Institute (ESRI)
22. The persistence of market leadership: evidence from Japan
    Working Paper Series, Center for Japanese Business Studies (HJBS), Graduate School of Commerce and Management Hitotsubashi University
    See also Journal Article The persistence of market leadership: evidence from Japan, Industrial and Corporate Change, Oxford University Press and the Associazione ICC (2009) View citations (6) (2009)

Journal Articles

2025

1. Outside or inside the firm? The impact of debt financing on the exit routes of start-up firms
   Small Business Economics, 2025, 64, (4), 1877-1900
   See also Working Paper Outside or inside the firm? The impact of debt financing on the exit routes of start-up firms, TDB-CAREE Discussion Paper Series (2024) (2024)
2. Who is willing to be rich and king? Founder-CEOs’ IPO and M&A intentions
   Journal of Small Business Management, 2025, 63, (2), 528-557

2024

3. Empirical issues concerning studies of firm entry
   Industrial and Corporate Change, 2024, 33, (1), 277-296
4. Flexible labor, innovation regimes and the erosion of the Japanese model: Evidence from the Basic Survey on Wage Structure
   Structural Change and Economic Dynamics, 2024, 70, (C), 333-339 View citations (1)
5. Japan’s SBIR Scheme
   Annals of Science and Technology Policy, 2024, 8, (1–2), 79-95
6. The gender gap in the first deal: Equity split among founding teams
   Journal of Banking & Finance, 2024, 168, (C) View citations (1)

2022

7. Does patenting always help new firm survival? Understanding heterogeneity among exit routes
   Small Business Economics, 2022, 59, (2), 449-475 View citations (12)
8. Trademarks as an indicator of regional innovation: evidence from Japanese prefectures
   Regional Studies, 2022, 56, (2), 190-209 View citations (8)
   See also Working Paper Trademarks as an indicator of regional innovation: Evidence from Japanese prefectures, Discussion Paper Series (2019) View citations (1) (2019)

2021

9. Growth paths and routes to exit: 'shadow of death' effects for new firms in Japan
   Small Business Economics, 2021, 57, (3), 1145-1173 View citations (9)
   See also Working Paper Growth paths and routes to exit: ‘Shadow of Death’ effects for new firms in Japan, Discussion Paper Series (2018) View citations (1) (2018)

2020

10. Founders’ human capital and external knowledge sourcing: Exploring the absorptive capacity of start-up firms
    Economics of Innovation and New Technology, 2020, 29, (2), 184-205 View citations (7)

2019

11. Do initial financial conditions determine the exit routes of start-up firms?
    Journal of Evolutionary Economics, 2019, 29, (3), 1119-1147 View citations (12)
    Also in Journal of Evolutionary Economics, 2019, 29, (3), 1149-1149 (2019) View citations (12)

2018

12. Numerical labor flexibility and innovation outcomes of start-up firms: A panel data analysis
    Technovation, 2018, 69, (C), 15-27 View citations (13)
    See also Working Paper Numerical labor flexibility and innovation outcomes of start-up firms: A panel data analysis, Discussion Paper Series (2016) (2016)

2016

13. Does new entry drive out incumbents? The varying roles of establishment size across sectors
    Small Business Economics, 2016, 46, (1), 57-78 View citations (4)

2015

14. Does Founders' Human Capital Matter for Innovation? Evidence from Japanese Start‐ups
    Journal of Small Business Management, 2015, 53, (1), 114-128 View citations (5)
    See also Working Paper Does Founders’ Human Capital Matter for Innovation? Evidence from Japanese Start-ups, CEI Working Paper Series (2011) View citations (12) (2011)
15. Entrepreneurial human capital and the survival of new firms in high- and low-tech sectors
    Journal of Evolutionary Economics, 2015, 25, (5), 925-957 View citations (35)

2014

16. R&D investment of start-up firms: does founders’ human capital matter?
    Small Business Economics, 2014, 42, (2), 207-220 View citations (24)

2012

17. Development of university life-science programs and university–industry joint research in Japan
    Research Policy, 2012, 41, (5), 939-952 View citations (7)
    See also Working Paper Development of University Life-Science Programs and University-Industry Joint Research in Japan, CEI Working Paper Series (2010) (2010)

2011

18. Determinants of R&D cooperation in Japanese start-ups
    Research Policy, 2011, 40, (5), 728-738 View citations (17)

2009

19. The persistence of market leadership: evidence from Japan
    Industrial and Corporate Change, 2009, 18, (6), 1107-1133 View citations (6)
    See also Working Paper The persistence of market leadership: evidence from Japan, Working Paper Series (2007) (2007)

2006

20. Market Share Instability and the Dynamics of Competition: a Panel Data Analysis of Japanese Manufacturing Industries
    Review of Industrial Organization, 2006, 28, (2), 165-182 View citations (14)