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

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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.

Document Type: Research Article

DOI: https://doi.org/10.1080/00036840410001674277

Affiliations: Faculty of Commerce Chuo University 742-1 Higashinakano Hachioji Tokyo 192-0393 Japan, Email: yhonjo@tamacc.chuo-u.ac.jp

Publication date: 2004-03-01

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