Growth of new technology-based firms: Which factors matter. Entrepreneurship Theory and Practice, 15, 61–77.Īlmus, M., & Nerlinger, E. Structure, policy, services, and performances in the business incubator industry. Research in Organizational Behavior, 8, 165–198.Īllen, D. Even dwarfs started small: Liabilities of size and age and their strategic implications. Critical role and screening practices of European business incubators. Incubator: Tool for entrepreneurship? Small Business Economics, 23, 127–135.Īerts, K., Matthyssens, P., & Vandenbempt, K. Papers in Regional Science, 86, 367–391.Īernoudt, R. The determinants of new-firm survival across regional economies: The role of human capital stock and knowledge spillover. The empirical results, therefore, raise some doubts regarding the impacts of incubation on long-term firm survival.Īcs, Z. For three incubator locations the analysis reveals statistically significant lower chances of survival for those start-ups receiving support by an incubator. For neither of the five incubator locations, we find statistically significant higher survival probabilities for firms located in incubators compared to firms located outside those incubator organizations. To account for the problem of selection bias, a non-parametric matching approach is applied to identify an appropriate control group. This paper contributes to the underlying discussion by performing a large-scale matched-pairs analysis of the long-term survival of 371 incubator firms (after their graduation) from five German incubators and a control group of 371 comparable non-incubated firms. It is widely unclear as to whether start-up firms supported by publicly-initiated incubator initiatives have higher survival rates than comparable start-up firms that have not received support by such initiatives.
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