
SPRIE Fellow, Stanford University, Stanford program on regions of Innovation and Entrepreneurship, eberhart@stanford.edu
Currently a Fellow at Stanford University's Program on Regions of Innovation and Entrepreneurship. Leader of the Stanford project on Japanese Entrepreneurship. Author of: Corporate Governance Systems and Firm Value - Empirical Evidence for the Value of Transparency; Japanese Firms Innovation Strategies in the 21st Century.
Using cross-sectional data of over 50,000 new Japanese corporations, across all industrial classifications, founded from 1998 - 2008, this paper will examines the rates of success of firms created de novo to examine the idea that institutional reform may be decisive in emergent firms becoming increasingly able to supplant incumbents in Japan.