This paper 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 among new start-up firms are identified. The effect not only of firm-specific characteristics, but also of...

This paper investigates business failure of newly-established software firms. Using a proportional hazards model, we estimate the determinants of business failure among software firms in Japan founded during 1986-1995. The main findings of this paper are as follows. First, software firms with...

This paper examines whether innovative start-ups have the intention to go public. Using a sample of electrical manufacturing firms in Japan, it is found that firms investing heavily in research and development (R&D) are more likely to have the intention to go public. From the viewpoint of...