This paper examines the relationship between business dynamics (entry and exit of firms) and employment growth at the country-industry level. We use a cross-country data set with harmonized data on numbers of entries and exits for a selection of fast-growing and innovative industries in six...

Crowdfunding (CF), a method of raising small amounts of money on the Internet for development of new products and services, as well as solutions to regional development, was introduced in Japan some time ago. Expectations have remained high especially for reward-based CF (in which the payer...

The COVID-19 pandemic has posed a serious threat to the survival of Japanese firms, highlighting the importance of understanding how and why firms exit. In this paper, we use a rich firm-level dataset of Japanese firms to document how firm exit patterns have evolved between 2007 and 2017. Firm...

Does an institutional change that eases exit via bankruptcy reform enhance venture growth? We take advantage of a quasi-natural experiment in Japan to examine this question. Using longitudinal data over a 10-year period, we find that bankruptcy reform not only increases the rates of bankruptcy...

This paper aims to examine the influence of national institutions on start-up firms’ initial growth and internationalization. Focusing on two entrepreneurial start-ups in the ICT sector, this study highlights Japanese institutions in transition, and depicts the way in which rapidly growing...

This paper presents an econometric analysis of foreign direct investment flows in the four large countries of the EC, at the sectoral level and for the period 1984-89. We find that technological sourcing might be an important motive behind investment flows originating in the US and Japan but not...

This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has been influenced by specific exogenous shocks, the...

We re-examine the finding that new ventures employing individuals with industry experience have survival advantages and conclude that it is unlikely a reflection of the underlying theoretical mechanism advanced in the literature—individuals applying their industry-specific knowledge. We come...

Using information on Japanese, UK, and German workers work hour and matched firms characteristics, this paper investigates whether the number of hours worked is determined by demand-side factors, and tries to introduce one possibility to explain why Japanese tend to work longer hours than...