This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Determinants of R&D Activities by Start-up Firms: Evidence from Japan

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Okamuro, Hiroyuki
Abstract

The start-up of new businesses has been attracting considerable attention due to their potential contribution to innovation. However, there are few econometric studies on the determinants of R&D by start-up firms. Using firm-level, industry-level, and regional data, this paper examines the determinants of R&D investment by Japanese start-up firms in the manufacturing sector. Specifically, this study employs probit analysis on the probability of R&D investment and Tobit analysis on R&D intensity. Empirical results demonstrate that firm size and appropriability have significant positive impacts on both the probability of R&D investment and R&D intensity, while technological opportunity and the regional agglomeration of research institutes and human resources have significant positive effects on R&D intensity. These findings highlight the importance of regional intellectual infrastructure in promoting R&D of start-up firms.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/13495/1/wp2006-2a.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University in its series CEI Working Paper Series with number 2006-2.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 21 p.
Date of creation: Jun 2006
Date of revision:
Handle: RePEc:hit:hitcei:2006-2

Contact details of provider:
Postal: 2-1 Naka, Kunitachi, Tokyo 186-8603
Phone: 042-580-8405
Fax: 042-580-8333
Email:
Web page: http://cei.ier.hit-u.ac.jp/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Reiko Suzuki).

Related research
Keywords: Start-up Firm; Small and Medium Enterprise (SME); R&D; Japan;

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Himmelberg, Charles P & Petersen, Bruce C, 1994. "R&D and Internal Finance: A Panel Study of Small Firms in High-Tech Industries," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 38-51, February. [Downloadable!] (restricted)
    Other versions:
  2. Wahal, Sunil & McConnell, John J., 2000. "Do institutional investors exacerbate managerial myopia?," Journal of Corporate Finance, Elsevier, vol. 6(3), pages 307-329, September. [Downloadable!] (restricted)
  3. Bronwyn Hall, 2002. "The Financing of Research and Development," Department of Economics, Working Paper Series 1004, Department of Economics, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
    Other versions:
  4. Catherine Beaudry & Stefano Breschi, 2003. "Are Firms In Clusters Really More Innovative?," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 12(4), pages 325-342, August. [Downloadable!] (restricted)
  5. Michele Bagella & Leonardo Becchetti, 2002. "The "geographical agglomeration-private R&D expenditure" effect: empirical evidence on Italian data," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 11(3), pages 233-247, January. [Downloadable!] (restricted)
  6. Kleinknecht, Alfred, 1987. "Measuring R&D in Small Firms: How Much Are We Missing?," Journal of Industrial Economics, Blackwell Publishing, vol. 36(2), pages 253-56, December. [Downloadable!] (restricted)
  7. Brian J. Hall & David E. Weinstein, 1996. "The Myth of the Patient Japanese: Corporate Myopia and Financial Distress in Japan and the U.S," Harvard Institute of Economic Research Working Papers 1770, Harvard - Institute of Economic Research.
    Other versions:
  8. Kleinknecht, Alfred & Reijnen, Jeroen O. N., 1991. "More evidence on the undercounting of small firm R&D," Research Policy, Elsevier, vol. 20(6), pages 579-587, December. [Downloadable!] (restricted)
  9. Anselin, Luc & Varga, Attila & Acs, Zoltan, 1997. "Local Geographic Spillovers between University Research and High Technology Innovations," Journal of Urban Economics, Elsevier, vol. 42(3), pages 422-448, November. [Downloadable!] (restricted)
  10. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-70, December. [Downloadable!] (restricted)
  11. Cohen, Wesley M. & Levin, Richard C., 1989. "Empirical studies of innovation and market structure," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 18, pages 1059-1107 Elsevier. [Downloadable!] (restricted)
  12. Kaoru Hosono & Masayo Tomiyama & Tsutomu Miyagawa, 2004. "Corporate governance and research and development: evidence from Japan," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 13(2), pages 141-164, March. [Downloadable!] (restricted)
  13. Stephen Roper, 2001. "Innovation, Networks and Plant Location: Some Evidence for Ireland," Regional Studies, Taylor and Francis Journals, vol. 35(3), pages 215-228, May. [Downloadable!] (restricted)
    Other versions:
  14. Romijn, Henny & Albaladejo, Manuel, 2002. "Determinants of innovation capability in small electronics and software firms in southeast England," Research Policy, Elsevier, vol. 31(7), pages 1053-1067, September. [Downloadable!] (restricted)
  15. Scherer, F. M. & Huh, Keun, 1992. "Top managers education and R&D investment," Research Policy, Elsevier, vol. 21(6), pages 507-511, December. [Downloadable!] (restricted)
  16. Valdemar Smith & Anni Lene Broberg & Jesper Overgaard, 2002. "Does Location Matter for Firms' R&D Behaviour? Empirical Evidence for Danish Firms," Regional Studies, Taylor and Francis Journals, vol. 36(8), pages 825-832, November. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Gennaioli, Nicola & Rossi, Stefano, 2008. "Judicial Discretion in Corporate Bankruptcy," CEI Working Paper Series 2008-5, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  2. Gennaioli, Nicola & Rossi, Stefano, 2008. "Optimal Resolutions of Financial Distress by Contract," CEI Working Paper Series 2008-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
Statistics
Access and download statistics

Did you know? There are over 21000 authors registered on RePEc Author Service.

This page was last updated on 2009-11-11.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.