Capacities of business incubator and regional innovation performance

Abstract

Recent years have witnessed the fast development of business incubators in many emerging economies, such as China. Business incubators are seen as important facilitators for innovation which provide office space, equipment, mentoring services, as well as financial, legal and administrative supports for technology entrepreneurs and start-up companies. Much investment has been undertaken to facilitate the development of business incubators, for example in financial frameworks, human resource development and communication infrastructure. This paper investigates the effects of business incubator capacities on the regional innovation performance, using a panel representing 31 Chinese provinces. This study finds that three capacities of business incubators have significant impacts on the regional innovation performance, while the incubation capacity appears to have a much greater effect than the basic capacity and the finance capacity. Moreover, this study also identifies that the regional communication infrastructure is an important moderator of the relationship between business incubator capacities and the regional innovation performance. This paper supports the view that emerging economies should encourage the development of business incubators in order to promote the development of technology entrepreneurs and domestic innovation performance, but more focus should be on creating free knowledge transfer platforms.

Publication DOI: https://doi.org/10.1016/j.techfore.2020.120125
Divisions: College of Business and Social Sciences > Aston Business School
College of Business and Social Sciences > Aston Business School > Marketing & Strategy
Additional Information: Copyright © 2020 Elsevier Inc. This accepted manuscript version is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License [https://creativecommons.org/licenses/by-nc-nd/4.0/].
Uncontrolled Keywords: Business incubator,Regional innovation,Performance,Communication infrastructure,China
Publication ISSN: 1873-5509
Last Modified: 18 Apr 2024 07:18
Date Deposited: 13 Jan 2023 17:39
Full Text Link:
Related URLs: https://pure.co ... 951/Binder3.pdf (Author URL)
https://www.sci ... 040162520309513 (Publisher URL)
PURE Output Type: Article
Published Date: 2020-09
Published Online Date: 2020-06-04
Accepted Date: 2020-05-26
Authors: Wang, Zhaoxing
He, Qile
Xia, Senmao
Sarpong, David (ORCID Profile 0000-0002-1533-4332)
Xiong, Ailun
Maas, Gideon

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