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Knowledge, Finance and Human Capital: The Role of Social Institutional Variables on Entrepreneurship in Japan

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  • Michael Lynskey

Abstract

New technology-based firms are acknowledged as playing an important role in the knowledge-based economy. Policy makers in Japan have advocated the creation of such firms, focusing on two primary fields--biotechnology and information technology (IT)--which are expected to make major contributions to Japan's international competitiveness, to the creation of new industries, and to employment opportunities. Although several empirical studies have been conducted into such firms in the West, few comparable studies have been undertaken in Japan using original data from indigenous firms. This paper addresses this gap by examining several firm-level and managerial characteristics of Japanese biotechnology and IT venture firms, in the context of three social institutional variables that impact on entrepreneurship and the growth of such firms: knowledge, finance and human capital.

Suggested Citation

  • Michael Lynskey, 2004. "Knowledge, Finance and Human Capital: The Role of Social Institutional Variables on Entrepreneurship in Japan," Industry and Innovation, Taylor & Francis Journals, vol. 11(4), pages 373-405.
  • Handle: RePEc:taf:indinn:v:11:y:2004:i:4:p:373-405
    DOI: 10.1080/1366271042000289379
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    Cited by:

    1. whitney Oliver Peake & Maria I. Marshall, 2006. "What Do We Really Know About Entrepreneurs? An Analysis Of Nascent Entrepreneurs In Indiana," Working Papers 06-14, Purdue University, College of Agriculture, Department of Agricultural Economics.
    2. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.
    3. Lynskey, Michael J., 2006. "Transformative technology and institutional transformation: Coevolution of biotechnology venture firms and the institutional framework in Japan," Research Policy, Elsevier, vol. 35(9), pages 1389-1422, November.

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