Capacities of Business Incubator and Regional Innovation Performance

Zhaoxing Wang; Qile He; Senmao Xia; David Sarpong; Ailun Xiong; Gideon Maas

doi:10.1016/j.techfore.2020.120125

Capacities of Business Incubator and Regional Innovation Performance

Zhaoxing Wang, Qile He, Senmao Xia, David Sarpong, Ailun Xiong, Gideon Maas

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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.

Original language	English
Article number	120125
Journal	Technological Forecasting and Social Change
Volume	158
Early online date	4 Jun 2020
DOIs	https://doi.org/10.1016/j.techfore.2020.120125
Publication status	Published - Sept 2020

Bibliographical note

NOTICE: this is the author’s version of a work that was accepted for publication in Technological Forecasting and Social Change. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Technological Forecasting and Social Change, 158, (2020) DOI: 10.1016/j.techfore.2020.120125

© 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

Business incubator
China
Communication infrastructure
Performance
Regional innovation

ASJC Scopus subject areas

Business and International Management
Applied Psychology
Management of Technology and Innovation

Access to Document

10.1016/j.techfore.2020.120125

Post-PrintAccepted author manuscript, 1.17 MBLicence: CC BY-NC-ND

Cite this

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title = "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.",

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note = "NOTICE: this is the author{\textquoteright}s version of a work that was accepted for publication in Technological Forecasting and Social Change. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Technological Forecasting and Social Change, 158, (2020) DOI: 10.1016/j.techfore.2020.120125 {\textcopyright} 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/ ",

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AU - Sarpong, David

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AU - Maas, Gideon

N1 - NOTICE: this is the author’s version of a work that was accepted for publication in Technological Forecasting and Social Change. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Technological Forecasting and Social Change, 158, (2020) DOI: 10.1016/j.techfore.2020.120125 © 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

PY - 2020/9

Y1 - 2020/9

N2 - 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.

AB - 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.

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Capacities of Business Incubator and Regional Innovation Performance

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Gideon Maas

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Capacities of Business Incubator and Regional Innovation Performance

Abstract

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Keywords

ASJC Scopus subject areas

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Gideon Maas

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