R&D investment of start-up firms: does founders’ human capital matter?

被引：0
作者：
Yuji Honjo
Masatoshi Kato
Hiroyuki Okamuro
机构：
[1] Chuo University,Faculty of Commerce
[2] Kwansei Gakuin University,School of Economics
[3] Hitotsubashi University,Graduate School of Economics
来源：
Small Business Economics | 2014年 / 42卷
关键词：
Founder; Funding gap; Human capital; R&D; Start-up; G30; M13; O32; L26;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This article examines whether founders’ human capital affects not only actual investment but also required investment in research and development (R&D), using the original data of Japanese start-up firms. The estimation results indicate that higher levels of founders’ human capital, especially their education levels, increase both actual and required investment in R&D and thus do not necessarily contribute to reducing the funding gap for R&D.
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页码：207 / 220
页数：13
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