Which factors affect the performance of technology business incubators in China? An entrepreneurial ecosystem perspective
Name
journal.pone.0261922.pdf
Description
Published version
Size
1.07 MB
Format
Adobe PDF
Checksum (MD5)
59cb14fe331d292b9a1a6ea150ca12a7
Author(s)
Yuan, Xiangfei
Hao, Haijing
Guan, Chenghua
Pentland, Alex
Date Issued
2022
Journal
PLoS ONE
Publisher
Public Library of Science (PLoS)
Citation
Yuan, Xiangfei, Hao, Haijing, Guan, Chenghua and Pentland, Alex. 2022. "Which factors affect the performance of technology business incubators in China? An entrepreneurial ecosystem perspective." PLoS ONE, 17 (1).
Version
Final published version
Abstract
To examine which factors affect the performance of technology business incubators in China, the present study proposes an entrepreneurial ecosystem framework with four key areas, i.e., people, technology, capital, and infrastructure. We then assess this framework using a three-year panel data set of 857 national-level technology business incubators in 33 major cities from 28 provinces in China, from 2015 to 2017. We utilize factor analysis to downsize dozens of characteristics of these technology business incubators into seven factors related to the four proposed areas. Panel regression model results show that four of the seven factors related to three areas of the entrepreneurial ecosystem, namely people, technology, and capital areas, have statistically significant associations with an incubator’s performance when applied to the overall national data set. Further, seven factors related to all four areas have various statistically significant associations with an incubator’s performance in five major regional data set. In particular, a technology related factor has a consistently statistically significant association with the performance of the incubator in both national model and the five regional models, as we expected.
MIT Department
Program in Media Arts and Sciences (Massachusetts Institute of Technology)
Terms of Use
Creative Commons Attribution 4.0 International license
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DOI of Published Version
https://doi.org/10.1371/JOURNAL.PONE.0261922
