The Initial Public Offering of Innovative Start-Ups
Bibliographic Information
- Other Title
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- イノベーティブスタートアップの新規株式公開
Abstract
This study investigates the time from founding to initial public offering (IPO), using a data set of firms founded in Japan during the period of 1995–2010. In the analysis, we identify innovative start-ups in the data set, using unique proxies associated with research and development, intellectual property, and stock option. We show how the time to IPO of innovative start-ups differs from that of other counterparts. The results reveal that innovative start-ups are more likely to go public faster than others. We also find that innovative start-ups, although they do not necessarily rely on equity financing at founding, have larger demand for initial capital.
Journal
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- 企業研究
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企業研究 (32), 77-104, 2018-02-28
中央大学企業研究所
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Keywords
Details 詳細情報について
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- CRID
- 1573387452619090304
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- NII Article ID
- 120006640783
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- ISSN
- 13479938
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- Web Site
- http://id.nii.ac.jp/1648/00008900/
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- Text Lang
- ja
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- Data Source
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- CiNii Articles
- KAKEN