Incubator networks and new venture performance: the roles of entrepreneurial orientation and environmental dynamism

Abstract

PurposeThis study analyses the relationship between the networks of business incubators (BIs) and new venture performance. It proposes an integrated model for identifying the influence of BIs' internal and external networks on new venture performance through the entrepreneurial orientation (EO) and environmental dynamism.Design/methodology/approachThe study uses multiple regression analysis on a sample of 205 new ventures in Chinese BIs.FindingsBoth the internal and external networks of BIs positively affect new venture performance and EO has a mediating effect in this relationship. Environmental dynamism plays a positive moderating role in the relationship between BIs' internal and external networks and EO.Practical implicationsBased on the results of this study, incubator managers should focus on creating internal and external networks and leveraging network embeddedness to influence new venture performance. Further, new ventures should focus on strengthening their EO and fully consider the impact of environmental dynamism on EO implementation.Originality/valueTo address the research gaps in understanding how BI networks can support new venture growth, this study integrates BIs' internal and external networks and explores their impacts on new venture performance using co-production theory and the resource-based view. It thus opens the black box on how BI's networks affect performance from the EO perspective. Moreover, this study fully clarifies chain relationships by identifying and analysing the moderating role of environmental dynamism.

New Technologies' Commercialization: The Roles of the Leader's Emotion and Incubation Support

“…Studies show that individuals can determine their preferences by repeatedly participating in various activities and continuing to engage in related activities (Vallerand, 2008 ). In this process, an individual's preference gradually resonates with their self-identity and generates positive emotion (Murnieks et al, 2019 ; Wu et al, 2020b ). Therefore, the leader's positive emotion is stable and sustainable which is different from sadness, happiness, and other emotions (Cardon et al, 2009 ).…”

Entrepreneurial Orientation and Startup Performance in Technology Business Incubation: Mediating Role of Absorptive Capacity

“…Incubators are often set up with the goal of fostering economic development in their local region by supporting start-ups and companies that will create jobs and also creating a more vibrant local business ecosystem (Grimaldi & Grandi, 2005;Wu et al, 2020). Not only do they enable new entrepreneurs to start their business by promoting rapid innovation, but they also promote their opportunities for survival and success by building strategic capacity, knowledge, and networks (Aernoudt, 2004).…”

“…This can be done when a new or existing product is introduced into a new or current market, or still, if a new business is launched (Kraus et al, 2012). Thus EO serves as a major antecedent for incubator startups as they are in their early stage and have no initial product, sales, or revenue at all (Clausen & Korneliussen, 2012;Shi et al, 2020;Wu et al, 2020). Also, these start-ups are prone to failure owing to their liability of newness, and differ in terms of their performance and growth as well (West & Meyer, 1998).…”

Orientasi kewirausahaan dan kapabilitas pemasaran pada kinerja usaha kecil dan menengah: Peran faktor lingkungan yang dinamis sebagai pemoderasi

“…Faktor lingkungan yang dinamis menggambarkan kondisi lingkungan eksternal yang berubah-ubah dari waktu ke waktu dan tidak dapat dikendalikan oleh perusahaan, meliputi turbulensi pasar, turbulensi teknologi, dan intensitas persaingan (Jowarski & Kohli, 1993;Wu et al, 2020). Indikator lingkungan yang dinamis dalam konteks penelitian ini mengadopsi penelitian terdahulu Wardi, et al (2017) yang relevan dengan konteks sampel di daerah penelitian.…”

“…Penelitian Sundqvist & Kuivalainen (2009) juga menyatakan bahwa turbulensi lingkungan tidak memberikan dampak signifikan memperkuat atau memperlemah hubungan orientasi kewirausahaan dan kinerja UKM. Hal ini diduga bahwa pelaku UKM di Kota Padang, sebagian besar usaha merupakan usaha produk makanan khas daerah, sehingga dampak lingkungan tidak signifikan mempengaruhi hubungan orientasi kewirausahaan dan kinerja UKM (Susanto, 2009, Wu et al, 2020.…”