Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation

© 2021 The Author(s).

Detalles Bibliográficos
Autores: Rijnsoever, Frank J. van, Eveleens, Chris P.
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2021
País:España
Institución:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:DIGITAL.CSIC. Repositorio Institucional del CSIC
OAI Identifier:oai:digital.csic.es:10261/264420
Acceso en línea:http://hdl.handle.net/10261/264420
Access Level:acceso abierto
Palabra clave:Start-upIncubator
Resource-based view
Entrepreneurship
Discrete choice experiment
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spelling Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuationRijnsoever, Frank J. vanEveleens, Chris P.Start-upIncubatorResource-based viewEntrepreneurshipDiscrete choice experiment© 2021 The Author(s).According to the resource-based view, for start-ups to gain a sustainable competitive advantage their resources should be valuable, rare, inimitable, and non-substitutable (VRIN). However, early-stage entrepreneurs often do not have the capability to properly value resources. Incubators are popular tools for supporting early-stage entrepreneurs. Many entrepreneurs initially prefer that incubators provide tangible non-VRIN resources such as funding and office space. While in incubators, entrepreneurs increasingly learn to value intangible resources as VRIN. It is unknown whether this change in resource valuation is caused by the incubator or a learning process common to all entrepreneurs. The aim of this study is to discern whether the change in valuation of resources is a result of the incubation experience or a consequence of a normal learning process. This contributes to a better understanding of the impact of incubation on start-up development. We pose the following research question: What are the effects of incubation experience on start-up entrepreneurs' valuation of different tangible and intangible resources offered by incubators? We develop hypotheses about how incubators change the valuation of specific resources. We test these hypotheses using data from 935 entrepreneurs in North America and Western Europe who completed a survey containing a discrete choice experiment in which entrepreneurs with and without incubation experience were asked to choose between two hypothetical incubators that offer different resources. Our results reveal that incubators indeed contribute to entrepreneurs’ capacity to value resources. First, we find that entrepreneurs of incubated start-ups value non-VRIN resources less than entrepreneurs of non-incubated start-ups. Second, start-up entrepreneurs generally value most VRIN resources more than non-incubated start-up entrepreneurs.This work was supported by the Climate KIC Program of the European Institute of Technology and the Netherlands Organization for Scientific Research (NWO).ElsevierCentral European Institute of Technology (Czech Republic)European Institute of Innovation and TechnologyNetherlands Organization for Scientific ResearchConsejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]2022202220212022info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501Publisher's versioninfo:eu-repo/semantics/publishedVersionhttp://hdl.handle.net/10261/264420reponame:DIGITAL.CSIC. Repositorio Institucional del CSICinstname:Consejo Superior de Investigaciones Científicas (CSIC)Ingléshttp://dx.doi.org/10.1016/j.technovation.2021.102294Síinfo:eu-repo/semantics/openAccessoai:digital.csic.es:10261/2644202026-05-22T06:33:51Z
dc.title.none.fl_str_mv Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation
title Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation
spellingShingle Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation
Rijnsoever, Frank J. van
Start-upIncubator
Resource-based view
Entrepreneurship
Discrete choice experiment
title_short Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation
title_full Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation
title_fullStr Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation
title_full_unstemmed Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation
title_sort Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation
dc.creator.none.fl_str_mv Rijnsoever, Frank J. van
Eveleens, Chris P.
author Rijnsoever, Frank J. van
author_facet Rijnsoever, Frank J. van
Eveleens, Chris P.
author_role author
author2 Eveleens, Chris P.
author2_role author
dc.contributor.none.fl_str_mv Central European Institute of Technology (Czech Republic)
European Institute of Innovation and Technology
Netherlands Organization for Scientific Research
Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]
dc.subject.none.fl_str_mv Start-upIncubator
Resource-based view
Entrepreneurship
Discrete choice experiment
topic Start-upIncubator
Resource-based view
Entrepreneurship
Discrete choice experiment
description © 2021 The Author(s).
publishDate 2021
dc.date.none.fl_str_mv 2021
2022
2022
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
Publisher's version
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10261/264420
url http://hdl.handle.net/10261/264420
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv http://dx.doi.org/10.1016/j.technovation.2021.102294
Sí
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:DIGITAL.CSIC. Repositorio Institucional del CSIC
instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
reponame_str DIGITAL.CSIC. Repositorio Institucional del CSIC
collection DIGITAL.CSIC. Repositorio Institucional del CSIC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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