Venture Review
Online ISSN : 2433-8338
Print ISSN : 1883-4949
Current issue
Displaying 1-9 of 9 articles from this issue
Invited Paper
  • -A Study of Arita Porcelain Production Center-
    Kozo Yamada
    Article type: Invited Paper
    Subject area: Economics, Business & Management
    2025Volume 45 Pages 3-18
    Published: March 15, 2025
    Released on J-STAGE: July 20, 2025
    JOURNAL FREE ACCESS
    This paper explores entrepreneurship and selfrenewal of regional specialization in the traditional craft production center based on a study for Arita porcelain production center in Japan. Arita, successfully diversified its product categories and tried to make progress for the self-renewal of its regional specialization, which were driven by entrepreneurship of a leading group of the frontier porcelain producers and wholesalers that are predominantly family businesses historically. This paper insists that the frontier porcelain producers' and wholesalers' entrepreneurship stimulated self-renewal of regional specialization. It argues the unwritten competition rule, preventing cut-throat competition, served as a catalyst to keep the region as a production center alive.
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Article
  • -A Case Study of Shaplaneer-
    Saho Maeda
    Article type: Article
    Subject area: Economics, Business & Management
    2025Volume 45 Pages 19-33
    Published: March 15, 2025
    Released on J-STAGE: July 20, 2025
    JOURNAL FREE ACCESS
    Leadership succession is a critical challenge for NPOs, particularly in overcoming the founder's syndrome, where the founder's lingering influence impedes generational transitions. While the boards are tasked with addressing this issue, their effectiveness in alleviating founder's syndrome remains unproven. Prior succession research has not adequately identified the key actors enabling successful transition processes. On the other hand, governance studies have recently introduced the concept of a multi-governance system, but the empirical evidence is scarce. This study employs a single-case analysis within an international cooperation NPO, SHAPLA NEER=Citizens' Committee in Japan for Overseas Support, to identify the entities, functions, and mechanisms that constitute a multi-governance system enabling successful generational leadership transitions. The findings reveal that the multi-governance system is a mechanism of “trust-based control and collaboration” where diverse entities beyond the board play four key roles: monitoring, supporting, partnering, and representing. This system facilitates multi-generational leadership succession, through mechanisms such as multiple principal relationships, a multilevel open system of human resources circulation, collective collaboration, and a diverse pluralistic stakeholder voice.
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  • -Comparison Analyses of Multiple CVC Types-
    Akitoshi Yoshida, Kanetaka Maki
    Article type: Article
    Subject area: Economics, Business & Management
    2025Volume 45 Pages 35-50
    Published: March 15, 2025
    Released on J-STAGE: July 20, 2025
    JOURNAL FREE ACCESS
    In this paper, we examine about 3,000 startup companies and analyze how the multiple types of corporate venture capital (CVC) programs affect the growth of investee companies. We found that direct investment by the company itself or CVC has a positive impact on the realization of IPO. On the other hand, we were unable to find any evidence to suggest that investments from dedicated funds (ninin-kumiai funds) increase the probability of an IPO or shorten the time to IPO.
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  • -An Empirical Study of the Global Entrepreneurship Monitor-
    Hinako Yoshida, Akitsu Oe
    Article type: Article
    Subject area: Economics, Business & Management
    2025Volume 45 Pages 51-64
    Published: March 15, 2025
    Released on J-STAGE: July 20, 2025
    JOURNAL FREE ACCESS
    Our research question is what policies can increase national entrepreneurship? This research aims to demonstrate the impact of language diversity and immigration on national entrepreneurship. We used the Global Entrepreneurship Monitor. We conducted multiple regression analysis using a random effects model with 130 data from 26 countries over five years from 2015 to 2019. The results showed that countries that actively accept immigrants harm entrepreneurial intentions. However, when the language diversity of immigrants is high, this relationship is reversed, and it was also demonstrated that the more immigrants there are, the higher the entrepreneurial intentions of the host country's citizens become. This research not only makes a theoretical contribution to entrepreneurship research by demonstrating the mechanism by which the entrepreneurship intentions of host populations of immigrants are improved but also makes a practical contribution to entrepreneurship policy and immigration policy.
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