Analysis of External Support Effect for Start-ups

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  • スタートアップ企業に対する外部支援効果の分析
  • スタートアップ キギョウ ニ タイスル ガイブ シエン コウカ ノ ブンセキ

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Abstract

<p>The purpose of this study is to investigate the relationships between the performances of start-ups and external supports to them. For the analysis, we used a questionnaire survey with responses from 2,897 start-ups (as of the 1st survey). As the analysis means, we adopted propensity score matching, which is one of the causal inference methods. First, after categorizing external supports and performances, and examining the effect of each support, we found that most external supports have no causal effects on their performances to improve. Next, when we examined some external supports in combination with other supports, new causal effects such as significant growth in sales were confirmed by combining non-public and public funding supports. These results suggest the effectiveness of carefully seeking out external support and its combination based on the future image of each start-up.</p>

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