オクヤマ　リョウ   OKUYAMA Ryo   奥山 亮    所属   立命館アジア太平洋大学  国際経営学部    職種   教授
言語種別	英語
発行・発表の年月	2024/11
形態種別	学術論文
査読	査読あり
標題	Leveraging Corporate Assets and Talent to Attract Investors in Japan: A Country with an Innovation System Centered on Large Companies.
執筆形態	単著
掲載誌名	Journal of Risk and Financial Management
掲載区分	国外
巻・号・頁	17(12),pp.539
担当区分	筆頭著者,責任著者
著者・共著者	Ryo Okuyama
概要	Drug discovery and development demand substantial investment and time, yet Japan has relatively few high-valuation biopharmaceutical startups due to limited entrepreneurial activity in this sector. Unlike other countries, large companies dominate Japan’s innovation system, possessing valuable assets and talent. This study analyzed data on Japanese biopharmaceutical startups, revealing that corporate spin-offs (CSOs) and startups with R&D leaders from corporate backgrounds achieved significantly higher valuations and funding. The findings highlight that in Japan, leveraging corporate-origin assets and talent enhances investor appeal.