IMF-日本的创业公司和风险投资：如何成长（英）-2024-16页

StartupsandVentureCapitalinJapan:HowtoGrowJapanSalihFendogluandTengTengXuSIP/2024/027IMFSelectedIssuesPapersarepreparedbyIMFstaffasbackgrounddocumentationforperiodicconsultationswithmembercountries.ItisbasedontheinformationavailableatthetimeitwascompletedonApril15,2024.ThispaperisalsopublishedseparatelyasIMFCountryReportNo24/119.2024JUN©2024InternationalMonetaryFundSIP/2024/027IMFSelectedIssuesPaperAsiaandPacificDepartmentStartupsandVentureCapitalinJapan:HowtoGrowPreparedbySalihFendogluandTengTengXuAuthorizedfordistributionbyRanilSalgadoJune2024IMFSelectedIssuesPapersarepreparedbyIMFstaffasbackgrounddocumentationforperiodicconsultationswithmembercountries.ItisbasedontheinformationavailableatthetimeitwascompletedonApril15,2024.ThispaperisalsopublishedseparatelyasIMFCountryReportNo24/119.ABSTRACT:ThestartupecosysteminJapanhasseengradualgrowth,supportedbythegovernment’srecent"StartupDevelopmentFive-YearPlan"andasignificantinterestfromoverseasventurecapital.ThispaperlaysoutthestartupfinancingecosysteminJapan,withcomparisontointernationalpeers,andstudiespotentialdriversofstartupfinancingandtheirrelevanceforstartups’performance.Theresults,basedoncountry-levelaggregateanalysis,underscorethecriticalroleoffirmdynamismandentrepreneurshipinsupportingcapitalinvestmentandfirmvaluations.Furtheranalysesatthefirmlevelsugg...