Proceedings of 26th International Business Research Conference
7 - 8 April 2014, Imperial College, London, UK, ISBN: 978-1-922069-46-7
A Competition among Financial Institutions and Exit Rate of
Startup Companies
Yuta Ogane*
In this paper, we make clarify the influence that a competition among financial institutions has on the
exit rate of startup companies. As a result, we can obtain the following results. First, the competition
among the financial institutions has a positive correlation with the exit rate of startup companies. In
other words, excessive competition among the financial institutions causes the exit rate of new
companies to rise. Second, the competition among large financial institutions has greater effect on the
exit rate of new firms than the competition among small financial institutions.
JEL Codes: G33, G21 and M13
*
Graduate School of Economics, Nagoya University, Furo-cho, Chikusa-ku, Nagoya, Aichi 464-8601, Japan
e-mail: ogane.yuta@e.mbox.nagoya-u.ac.jp