DOI: https://doi.org/10.7880/abas.0220125a
ホットマーケット(アベノミクス)がIPOまでの期間に与える影響
DOI:
https://doi.org/10.51094/jxiv.3キーワード:
IPOまでの期間、 環境要因、 起業タイプ、 日本のスタートアップ企業抄録
本研究では、IPOまでに至る時間というスタートアップのパフォーマンスについて、これまであまり顧みられてこなかったマクロ環境の影響という観点から検討した。分析にあたり、我々はまず、日本の経済環境がホットマーケットへと移った2012年の終わり(アベノミクスのはじまり)を境として、IPO企業についてのデータベースを構築した。次に、対象市場、対象企業の特性(起業タイプ)、実質的な創業タイミングといった変数を考慮した分析を行った。結果として、経済的に良い環境にあればあるほど上場が遅くなるという逆転効果がみられた。これは、様子見をしていたスタートアップが景気が良くなることによってIPOを実現できるようになったからだといえる。つまり、パフォーマンス指標としてIPOまでの時間をそのまま単純に用いることには疑問がある。
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投稿日時: 2022-03-25 06:44:14 UTC
公開日時: 2022-03-28 07:10:01 UTC
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一小路, 武安
中野, 剛治
大神, 正道
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