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

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  • Yuji Honjo

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.

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  • Yuji Honjo, 2004. "Growth of new start-up firms: evidence from the Japanese manufacturing industry," Applied Economics Letters, Taylor & Francis Journals, vol. 11(1), pages 21-32.
    • Handle: RePEc:taf:apeclt:v:11:y:2004:i:1:p:21-32
    DOI: 10.1080/1350485042000187417
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