Human capital management at incubators successful in new firm creation: Evidence from Japan

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Abstract

This study quantitatively examined characteristics of incubators which were successful in new firm creation, with a focus on human capital management according to technologies and life cycle stages of startups to which incubators gave support. The results of panel estimation reveal that the breadth of professional experiences of incubation managers is positively associated with new firm creation in electronics, while specialisation matters for the creation of biotechnology startups. Incubation managers' professional experience in technological development is positively associated with the creation of biotechnology startups. These effects are observed in incubators which give support to nascent entrepreneurs, and not in those supporting startups in the early growth stage. Alliance with and proximity to universities are positively associated with success of incubators assisting nascent entrepreneurs, of which effect is limited to the creation of biotechnology startups.

Original languageEnglish
Pages (from-to)338-558
Number of pages221
JournalInternational Journal of Entrepreneurship and Small Business
Volume35
Issue number4
DOIs
Publication statusPublished - 2018

Keywords

  • Japan
  • business incubators
  • economic growth
  • entrepreneurship
  • incubation managers
  • innovation intermediaries
  • innovation policy
  • knowledge-based economies
  • new firm creation
  • sectoral innovation systems

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

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