Why are entrepreneurship levels so low in Japan?

Yuji Honjo

Japan and the World Economy, 2015, vol. 36, issue C, 88-101

Abstract: This article explores the characteristics of individuals involved in entrepreneurial activities. Using data provided by the Global Entrepreneurship Monitor (GEM), we examine the factors that motivate individuals to engage in a business start-up and to invest in a new business. The results reveal low levels of entrepreneurial activities and attitudes in Japan. The results also reveal that entrepreneurial attitudes and personal attributes are associated with business start-up and new business investment. We provide evidence that those individuals who have perceived that they possess the knowledge, skill, and experience required to start a new business are more likely to engage in a business start-up in Japan compared to other countries. Moreover, those individuals who are acquainted with other entrepreneurs are more likely to invest in a new business in Japan compared to other countries.

Keywords: Activity; Attitude; Entrepreneurship; Investment; Japan; Start-up (search for similar items in EconPapers)
JEL-codes: G11 L26 M13 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:japwor:v:36:y:2015:i:c:p:88-101

DOI: 10.1016/j.japwor.2015.08.002

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