Determinants of Innovative Activity in Japanese Technology-based Start-up Firms
利用原始企业数据，研究了日本技术型初创企业创新（以专利申请和新产品衡量）的决定因素，发现技术能力、内部资金、风险投资和产学联系是关键的企业层面因素，CEO的教育背景和社交网络能力也是重要的管理层面因素。
Very few, if any, empirical studies have been conducted on innovation in technology-based start-up firms in Japan, mainly because there has been little up-to-date data on such firms, and because small firms in Japan have been viewed as being of minor economic importance. The purpose of this article is to fill this gap in the literature by examining the determinants of innovation, measured by patent applications and new products, in Japanese technology-based start-up firms, using original firm-level data. We examine these determinants from the viewpoint of both firm-leveland managerial-levelcharacteristics. Our findings indicate that technological capability, the availability of internal funds, venture capital funding, and university–industry linkages are important firm-level determinants of innovation. We find also that a CEO’s educational background and capacity for networking with researchers are important managerial characteristics. The article includes an overview of the general business context for start-up firms in Japan and it concludes with some considerations for future policy based on our findings.