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

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  • Yuji Honjo

Abstract

This study 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 are identified among new start-up firms. The effect is examined, not only of firm-specific characteristics but also of entrepreneur-specific, industry-specific and local characteristics on firm growth. 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.

Suggested Citation

  • Yuji Honjo, 2004. "Growth of new start-up firms: evidence from the Japanese manufacturing industry," Applied Economics, Taylor & Francis Journals, vol. 36(4), pages 343-355.
  • Handle: RePEc:taf:applec:v:36:y:2004:i:4:p:343-355
    DOI: 10.1080/00036840410001674277
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    References listed on IDEAS

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    Cited by:

    1. Anne Otto & Dirk Fornahl, 2009. "Cohesion Policy:Methodology And Indicators Towards Common Approach," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 3(1), pages 1-35, JUNE.
    2. Yuji Honjo & Nobuyuki Harada, 2006. "SME Policy, Financial Structure and Firm Growth: Evidence From Japan," Small Business Economics, Springer, vol. 27(4), pages 289-300, December.
    3. Andreas Koch & Jochen Späth & Harald Strotmann, 2013. "The role of employees for post-entry firm growth," Small Business Economics, Springer, vol. 41(3), pages 733-755, October.
    4. Okamuro, Hiroyuki & Kato, Masatoshi & Honjo, Yuji, 2011. "Determinants of R&D cooperation in Japanese start-ups," Research Policy, Elsevier, vol. 40(5), pages 728-738, June.
    5. Kenji Kutsuna & Yuji Honjo, 2006. "Start-up Financing Choice and Post-entry Performance," Discussion Papers 2006-33, Kobe University, Graduate School of Business Administration.
    6. Chih- Ping Chen & Kai- Wen Hsieh, 2013. "Strategic alliance between Japan and Taiwan on the Chinese market: an empirical analysis of the IT industry," Chapters,in: Economic Integration Across the Taiwan Strait, chapter 7, pages 154-169 Edward Elgar Publishing.
    7. OKAMURO, Hiroyuki & KATO, Masatoshi, 2015. "Determinants of Quantitative and Qualitative Employment Growth: A Comparison between R&D-oriented and Other Start-ups in Japan," CCES Discussion Paper Series 62, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
    8. Christian Hundt & Rolf Sternberg, 2016. "Explaining new firm creation in Europe from a spatial and time perspective: A multilevel analysis based upon data of individuals, regions and countries," Papers in Regional Science, Wiley Blackwell, vol. 95(2), pages 223-257, June.
    9. Simon Parker & David Storey & Arjen Witteloostuijn, 2010. "What happens to gazelles? The importance of dynamic management strategy," Small Business Economics, Springer, vol. 35(2), pages 203-226, September.

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