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Correction to: Do initial financial conditions determine the exit routes of start-up firms?

Author

Listed:
  • Yuji Honjo

    (Chuo University)

  • Masatoshi Kato

    (Kwansei Gakuin University)

Abstract

The original version of this article unfortunately contained mistakes. On page 18, the sentence “The first-order terms of MCR are positive at least at the 1% significance level in all the columns in Table 6.” "Moreover, while the interaction term of lnE and MCR is insignificant in column (iii), that of E/F and MCR is negative at the 1% significance level in column (v)." On page 21, the sentence "The sign of the estimated coefficients for merger is opposite to that for failure."

Suggested Citation

  • Yuji Honjo & Masatoshi Kato, 2019. "Correction to: Do initial financial conditions determine the exit routes of start-up firms?," Journal of Evolutionary Economics, Springer, vol. 29(3), pages 1149-1149, July.
    • Handle: RePEc:spr:joevec:v:29:y:2019:i:3:d:10.1007_s00191-019-00630-1
    DOI: 10.1007/s00191-019-00630-1
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    Citations

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    Cited by:

    1. Honjo, Yuji, 2021. "The impact of founders’ human capital on initial capital structure: Evidence from Japan," Technovation, Elsevier, vol. 100(C).
    2. Yuji Honjo & Koki Kurihara, 2023. "Graduation of initial public offering firms from junior stock markets: evidence from the Tokyo Stock Exchange," Small Business Economics, Springer, vol. 60(2), pages 813-841, February.
    3. Jaka Cepec & Peter Grajzl & Barbara Mörec, 2022. "Public cash and modes of firm exit," Journal of Evolutionary Economics, Springer, vol. 32(1), pages 247-298, January.
    4. Yuji Honjo & Yunosuke Iwaki & Masatoshi Kato, 2025. "Outside or inside the firm? The impact of debt financing on the exit routes of start-up firms," Small Business Economics, Springer, vol. 64(4), pages 1877-1900, April.
    5. Giuseppina Damiana Costanzo & Marianna Succurro & Francesco Trivieri, 2023. "Banking diversity and firms’ exit: A study on Italian data," Journal of Evolutionary Economics, Springer, vol. 33(5), pages 1537-1570, November.
    6. Alex Coad & Masatoshi Kato & Stjepan Srhoj, 2025. "Gestation, endowments, and knowledge flows around the time of venture creation," Journal of Evolutionary Economics, Springer, vol. 35(3), pages 387-414, July.
    7. Alessia Pisoni & Emanuele Aversa & Alberto Onetti, 2021. "The Role of Failure in the Entrepreneurial Process: A Systematic Literature Review," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(1), pages 1-53, August.
    8. Yuji Honjo, 2021. "Public or perish? From founding to initial public offering," Review of Managerial Science, Springer, vol. 15(6), pages 1573-1610, August.
    9. Kelly Lima Fonseca Gonçalves & Berislav Andrlić & Rodrigo Franco Gonçalves & Irenilza Alencar Nääs, 2025. "X-Techs: What Matters for the Survival of Brazilian Startups?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(5), pages 15976-15996, November.
    10. Tsuruta, Daisuke, 2023. "Bank loans, trade credit, and liquidity shortages of small businesses during the global financial crisis," International Review of Financial Analysis, Elsevier, vol. 90(C).
    11. Honjo, Yuji & Nakamura, Hiroki, 2020. "The link between entrepreneurship and informal investment: An international comparison," Japan and the World Economy, Elsevier, vol. 54(C).
    12. Yuji HONJO & Koki KURIHARA, 2021. "Graduation of Initial Public Offering Firms from Junior Stock Markets: Evidence from the Tokyo Stock Exchange," Discussion papers 21049, Research Institute of Economy, Trade and Industry (RIETI).
    13. Chong Yu & Masatoshi Kato, 2024. "Does user entrepreneurship matter for start-up financing? Evidence from Japan," Discussion Paper Series 275, School of Economics, Kwansei Gakuin University.
    14. Masatoshi Kato & Koichiro Onishi & Yuji Honjo, 2022. "Does patenting always help new firm survival? Understanding heterogeneity among exit routes," Small Business Economics, Springer, vol. 59(2), pages 449-475, August.

    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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