-
Journal menu
- General information
- Editorial Board and External Reviewers
- Journal Policies
- Publication Ethics and Malpractice Statement
- Instructions for authors
- Paper reviewing
- Article processing charge
- Feedback from stakeholders
- Journal’s Open Access statement
- Order hard copies of the journal
- 50 most cited papers in the journal
INITIAL PUBLIC OFFERING INTENTION: EVIDENCE FROM START-UP FIRMS IN JAPAN
Download This Article
Yuji Honjo 
, Kenji Kutsuna
Abstract
This paper explores the initial public offering (IPO) strategy of start-up firms. Using an original survey of start-up firms in the Japanese manufacturing and information service industries, we investigate what factors are associated with the intention to go public. It is found that among start-up firms, those investing more heavily in research and development (R&D) are more likely to wish to go public. Furthermore, we provide evidence that spin-offs and family businesses are less likely to have IPO intentions, and that entrepreneur-specific characteristics affect IPO intentions, with younger and highly educated entrepreneurs tending to desire to go public.
Keywords: Entrepreneur, Initial Public Offering, New Stock Market, Research and Development, Start-up
How to cite this paper: Honjo, Y., Kutsuna, K. (2010). Initial public offering intention: evidence from start-up firms in Japan. Corporate Ownership & Control, 7(4), 127-141. https://doi.org/10.22495/cocv7i4p9
