Growth of new start-up firms: evidence from the Japanese manufacturing industry

Yuji Honjo

Applied Economics Letters, 2004, vol. 11, issue 1, 21-32

Abstract: This paper investigates firm growth as the post-entry performance of new start-up firms. Using data on Japanese manufacturing firms founded during 1992-1996, the determinants of growth among new start-up firms are identified. The effect not only of firm-specific characteristics, but also of entrepreneur-specific, industry-specific and local characteristics on firm growth are examined. It is found that younger and small-sized firms are more likely to grow among the start-ups. It is also found that entrepreneur's age and educational background affect the growth of start-ups. It is not shown, however, that industry specialization induces the growth of start-ups.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:11:y:2004:i:1:p:21-32

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DOI: 10.1080/1350485042000187417

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