Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation

Rijnsoever, Frank J. van; Eveleens, Chris P.

doi:10.1016/j.technovation.2021.102294

Cited by 26 publications

(19 citation statements)

References 106 publications

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“…From this perspective, when entrepreneurs have abundant financial resources, their acceptable loss level is generally higher than those with limited resources. Young entrepreneurs also are less likely to raise external funding because of a lack of business resources to offer in return (Van Rijnsoever and Eveleens, 2021). Thus, because the property they can offer is typically individual, the risk now includes their personal assets and business, which can cause more problems.…”

Section: Discussionmentioning

confidence: 99%

“…Singh Sandhu et al (2011) highlighted the limited accessibility of capital as one of the most significant obstacles to the growth of entrepreneurial businesses. Entrepreneurs starting new ventures often face difficulties obtaining resources and funding, particularly from banking systems, due to requiring collateral and a track record (Van Rijnsoever and Eveleens, 2021;. Raising capital was found to be the biggest challenge for aspiring entrepreneurs in interviews (Blanchflower and Oswald, 1998).…”

Section: Inaccessible Financial Resources and Fear Of Failure In Entr...mentioning

confidence: 99%

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Fear of failure for entrepreneurs in emerging economies: stress, risk, finances, hard work, and social support

Al Halbusi,

AbdelFattah,

Ferasso

et al. 2023

JSBED

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PurposeMany entrepreneurs often struggle with the fear of failure, which can be detrimental to both their business and personal well-being. To better understand the factors that contribute to this fear, the authors conducted research on the impact of various obstacles, such as limited financial resources, risk aversion, stress and hard work avoidance, and prior business failures. Additionally, the authors explored the effects of social capital in mitigating these obstacles and their relationship to fear of failure in entrepreneurship.Design/methodology/approachThe authors conducted a survey with 440 young Iraqi entrepreneurs using non-probabilistic and purposive methods. The survey instrument included multiple measuring scales, which were provided in both English and Arabic. The authors analysed valid responses using structural equation modelling (SEM) with partial least squares (PLS).FindingsThe findings show that the fear of failure in entrepreneurship is negatively influenced by factors such as limited financial access, risk aversion, and past business failures. However, aversion to stress and hard work did not have a significant impact. The findings also show that social capital could potentially mitigate these negative factors.Research limitations/implicationsThe theoretical and practical implications of this study manifest in revealing the difficulties entrepreneurs encounter in developing countries like Iraq, where entrepreneurship is vital for economic growth. The study's limitations stem from its focus on one country and the use of a single survey method. Future research could use varied methods across multiple countries for a more comprehensive view.Originality/valueThis study sheds light on the factors that are obstacles for entrepreneurs to starting a business in emerging economies like Iraq.

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Section: Discussionmentioning

confidence: 99%

Section: Inaccessible Financial Resources and Fear Of Failure In Entr...mentioning

confidence: 99%

Fear of failure for entrepreneurs in emerging economies: stress, risk, finances, hard work, and social support

Al Halbusi,

AbdelFattah,

Ferasso

et al. 2023

JSBED

View full text Add to dashboard Cite

show abstract

“…From 2016 to 2018, the accumulated subsidies of the 10 incubators listed on the New Third Board exceeded 10 million, and four incubators exceeded 15 million, accounting for more than 50% of the net profits (Jolly, 2022). Nevertheless, the large number of subsidies has induced incubators to engage in inappropriate behavior, such as excessive investment and rent-seeking, which caused not only unreasonable resource allocation, but also a structural imbalance of government funding (Van Rijnsoever and Eveleens, 2021). Therefore, we raise the following research question:…”

Section: Different Incubation Servicesmentioning

confidence: 99%

Promotion or inhibition of different incubation services? Evidence from government funding of China

Zhong²

2023

APJIE

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Purpose The purpose of this paper is to investigate the relationship between the characteristics of the incubation industry, government funding, and the intensity of funding for different services. Because the incubation industry has particular characteristics, government funding varies for different services, and its intensity varies with service. Design/methodology/approach Government funding is classified as incubation subsidy and incubation incentive. Besides, incubation services include property management, business mentoring as well as investment and financing. Based on this, this study examines the influence mechanism of different subsidy and incentive on incubation services by using the generalized propensity score matching method. Findings The empirical results show that subsidy and incentive have an inverse-U shape effect on property management service, but a linear effect on business guidance service. Furthermore, subsidy does not affect investment and financing service, but incentive that can have a significant impact. Originality/value The theme of government funding and incubator services plays an important role in helping entrepreneurs expand their businesses. Incubation subsidy and incentive can provide important support to help enterprises obtain more preferential loans, technical services and technical support in the incubator. Applying it to incubator services can provide better technology and entrepreneurship guidance. These services can help new entrepreneurs understand products and markets, and how to develop more successfully in the early stage. In short, incubators supported by government funds can provide important support to entrepreneurs to help them successfully realize their business plans.

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“…The synergy between subsidiary and parent company, and the environment in which a leasing company operates serve as favorable conditions for improving competitiveness (Gwebu et al, 2019). Furthermore, the literature demonstrates that the support activities of business incubators and accelerators, as resources sources for startups, seem to have a direct impact on the performance of companies (Samaeemofrad & Van Den Herik, 2018b;2018a) and its competitive advantage (Blank, 2021;Moritz et al, 2022;van Rijnsoever & Eveleens, 2021).…”

Section: Fpv 3: Environmentalmentioning

confidence: 99%

“…Within the Environmental FPV, factors related to State Support and Political Environment, Alliances Formation, Support from Incubators, Accelerators, and Technology Parks, Venture Capital, and Competitive Environment prevail (Acosta-Prado et al, 2020;Asadinasab et al, 2013;Asmoro & Nugroho, 2018;Baum & Silverman, 2004;Blank, 2021;Caseiro & Coelho, 2019;Dettwiler et al, 2006;Grilli & Murtinu, 2012;Gwebu et al, 2019;Jones & Crick, 2000;Kozubikova et al, 2019;Luo et al, 2021;Marullo et al, 2018;Moritz et al, 2022;Potjanajaruwit, 2018;Samaeemofrad & Van Den Herik, 2018a, b;Utomo & Simatupang, 2019;van Rijnsoever & Eveleens, 2021;Vedula & Fitza, 2019;Xiao & Zhao, 2017). Only the environmental FPV is partially dependent on the efforts of the startup team, mainly when related to political and economic factors, which are apart from managers, with policymakers responsible for providing a suitable environment for startups to be competitive.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Overview of the factors that influence the competitiveness of startups: a systematized literature review

et al. 2022

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This research presents a systematized literature review to identify the main critical success factors (CSFs) that influence startups’ competitiveness. Considering that aspects related to competitiveness should be the target of organizations, especially early-stage companies, this paper identifies a broad of factors regarding startups’ competitiveness. A total of 36 articles were selected in Scopus and Web of Science databases and an in-depth bibliometric analysis of the corpus was performed using the VOSviewer software. 25 CSFs that influence startups’ competitiveness were identified and categorized into three fundamental points of view (FPVs), namely: organizational, human, and environmental. Organizational FPV covers factors that define the internal characteristics of startups. Human FPV, in turn, consists of characteristics of human capital, while the Environmental FPV refers to external factors and the startup context. This work could help practitioners and policymakers by enlightening them about startups’ competitiveness and the elements involved therein, along with providing them with a robust conceptual framework.

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Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation

Cited by 26 publications

References 106 publications

Fear of failure for entrepreneurs in emerging economies: stress, risk, finances, hard work, and social support

Fear of failure for entrepreneurs in emerging economies: stress, risk, finances, hard work, and social support

Promotion or inhibition of different incubation services? Evidence from government funding of China

Overview of the factors that influence the competitiveness of startups: a systematized literature review

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