The Effects of Business Accelerators on Venture Performance: Evidence from Start-Up Chile

• 成果类型: Article
• 署名作者: Gonzalez-Uribe, Juanita; Leatherbee, Michael
• 署名单位: University of London; London School Economics & Political Science; Pontificia Universidad Catolica de Chile
• 刊物名称: REVIEW OF FINANCIAL STUDIES
• ISSN/ISSBN: 0893-9454
• DOI: 10.1093/rfs/hhx103
• 发表日期: 2018
• 页码: 1566
• 关键词: self-efficacy; entrepreneurship; management; DYNAMICS; INFORMATION; countries; strategy; returns; finance; GROWTH

摘要

Dobusiness accelerators affect new venture performance? We investigate this question in the context of Start-Up Chile, an ecosystem accelerator. We focus on two treatment conditions typically found in business accelerators: basic services of funding and coworking space, and additional entrepreneurship schooling. Using a regression discontinuity design, we show that schooling bundled with basic services can significantly increase new venture performance. In contrast, we find no evidence that basic services affect performance on their own. Our results are most relevant for ecosystem accelerators that attract young and early-stage businesses and suggest that entrepreneurial capital matters in new ventures.