In this paper, we analyze the influence of ownership structure on the research and development (R&D) investment of start-up firms. Previous studies on the relationship between ownership and R&D have concentrated on the large, established firms listed on the stock market and have focused on the...

In this thesis, we will analyze the effect of IPOs on R&D investment and argue a change in the role of VC in the pre- and post-IPO periods for Japanese firms. It can be stated that the shareholding by VC mitigates the financial constraints of firms and is positively correlated with their R&D...

In this thesis, the effects of ownership structure on the patent applications of start-up firms are examined, focusing particularly on the role of VC. A unique dataset of Japanese start-up firms is used in the analysis, controlling for firm and industry characteristics. We find that shareholding...

In this thesis, we will analyze the effect of venture capitalists (VC) on patent applications, focusing on their effects on patent applications in the pre-and post-IPO periods for Japanese firms. It can be stated that the shareholding by VC is positively correlated with their patent applications...

This study explores the determinants of orientation toward international business expansion by academic startups, focusing on their technological capabilities, availability of public support, regional characteristics of their location, and research standards of their parent universities. Based...

Industrial clusters have attracted considerable attention worldwide for their expected contribution to regional innovation. Recently, policymakers in various countries have developed specific cluster policies. However, there exist few empirical studies on cluster policies. Focusing on the...

Despite the expectation of various advantages, university-industry research collaboration (UIC), a relationship between two different worlds, often faces serious conflicts. The performance of UIC depends on the research partners’ strategies and institutional designs through which they seek to...

This article examines whether founders’ human capital affects not only actual investment but also required investment in research and development (R&D), using the original data of Japanese start-up firms. The estimation results indicate that higher levels of founders’ human capital,...

This study investigates the determinants of the income levels of newly self-employed workers compared to those of employees, while focusing on the effects of gender and childcare. We argue that working mothers with preschool children prefer self-employment to paid employment, as such...

The Japanese corporate system is assumed to contain an implicit insurance mechanism in various aspects. This paper proves the existence of risk sharing mechanism in supplier relations in a different way from the previous studies, using a unique data set of Japanese automotive parts suppliers....