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Are Japanese Full-time Workers Conservative in Starting New Businesses?

Eriko Naiki and Yuta Ogane

Journal of the Japanese and International Economies, 2021, vol. 60, issue C

Abstract: This paper examines whether being full-time workers prevents Japanese individuals from starting new businesses by using the Global Entrepreneurship Monitor 2014. The major findings of this paper are four points. First, in Japan, full-time workers are less likely to start new businesses than non-full-time workers. Second, this tendency is more remarkable among individuals who have confidence in their knowledge, skills, and experience. Third, the tendency that confident full-time workers hesitate to start new businesses is likely to be specific to Japan. Finally, entrepreneurship education may help mitigate Japanese full-time workers’ fear of failure in starting the businesses and enhance their confidence in their knowledge, skills, and experience, but may be less likely to increase the probability that they start the businesses.

Keywords: New business; Full-time workers; Japan; Confidence; Entrepreneurship education (search for similar items in EconPapers)
JEL-codes: L26 M13 M21 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1016/j.jjie.2021.101133

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