Growth of new start-up firms: evidence from the Japanese manufacturing industry
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.
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Volume (Year): 36 (2004)
Issue (Month): 4 ()
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