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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. Nerine Mary George & Vinit Parida & Tom Lahti & Joakim Wincent, 2016. "A systematic literature review of entrepreneurial opportunity recognition: insights on influencing factors," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 309-350, June.
    2. Marshall, Maria I. & Peake, Whitney O., 2006. "What Do We Really Know About Entrepreneurs? An Analysis Of Nascent Entrepreneurs In Indiana," Staff Papers 28622, Purdue University, Department of Agricultural Economics.
    3. Hasan Boudlaie, 2020. "Studying the content characteristics of New Technology-Based Firms," Technium Social Sciences Journal, Technium Science, vol. 3(1), pages 94-111, February.
    4. 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.
    5. Hala W. Hattab, 2014. "Impact of Entrepreneurship Education on Entrepreneurial Intentions of University Students in Egypt," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 23(1), pages 1-18, March.
    6. 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.
    7. Ernkvist, Mirko, 2015. "Velocity shifts in the creative economy: incumbent-entrant dynamics in the emergence of Japanese social games," Ratio Working Papers 267, The Ratio Institute.

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