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| Elite or Inclusive？The Impact of Selecting Incubating Enterprises Strictly on Incubation Performance |
| Li Hao1,Hu Haiqing2 |
| (1.Business School,Gansu University of Political Science and Law, LanZhou 730070, China；2.School of Economic and Management, Xi′an University of Technology, Xi′an 710054, China） |
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Abstract At present, the main contradiction in the development of China's incubators is that the incubation capacity cannot meet the increasing demand for entrepreneurship. If we want to enhance the positive role of entrepreneurial services on the sustainable development of the national entrepreneurial economy, the innovation of the incubation mechanism is inseparable. In order to select more potential start-ups and projects, strict selection of incubating companies has laid a clear and more timely tone for the innovation of the incubation mechanism, and created an opportunity to improve the ability of start-ups to respond to market shocks and change the previous tendency with only focus on the incubation process of start-ups after incubation. In academia, most existing literature mainly test the efficiency of incubation resource allocation and incubation effect by incubating enterprises as a logical starting point, or take incubator role positioning as a representation of the organizational effectiveness of incubators in the process of mining the dual incubation process. While the performance of incubating enterprises has become the preferred explanatory variable by many scholars to demonstrate the above issues, they also ignore a key issue of the impact of the incubation mechanism on the incubation effect. In view of the research dilemma in the existing literature, this research takes strict incubation as the logical starting point for the innovation of the incubation mechanism, to examine its impact on incubation performance, and reveal the above-mentioned differences in economic consequences from the main body of incubator and the screening orientation. At the same time, with the help of entrepreneurial failure inhibition behavior, it clarifies the influence path and mechanism of strict selection of incubating companies. In this way, incubators are guided to strictly select incubating companies and to enhance the ability of start-ups to "turn crisis into opportunity".#br#Based on the above demands, this study adopts an empirical research method combining regression and quasi-natural experiments, revealing the mechanism of strict selection of incubating companies on incubation performance and the impact on institutional context. The empirical results show that firstly there is a nonlinear inverted U-shaped relationship between strict selection of incubating companies and incubation performance. After re-measuring incubation performance by using the total number of patent applied by incubated enterprises in the next incubator, it is confirmed that the research conclusion has good robustness, and there is no significant endogeneity, reverse causality and omitted variable issues. Secondly the interaction between incubator type and strict selection orientation has different effects on strict selection of incubating companies. Before reaching the threshold, in the face of the strict selection mechanism oriented by business model of startup business enterprises and the endowment of entrepreneurs, comprehensive incubators have a more significant promotion effect on incubation performance by improving the strictness of incubation, while professional incubators show a more efficient promotion effect on incubation performance in the strict selection mechanism oriented by technological innovation. Lastly strict selection of incubating companies can improve the impromptu level of startup enterprises while reducing the informal entrepreneurial behavior of startup enterprises. However, in the entrepreneurial failure inhibition behaviors, only entrepreneurial improvisation has a partial mediating effect on the path of strict selection of incubating companies affecting incubation performance. At the same time, after the reform of streamlining administration and delegating powers, the relationship between strict selection of incubating companies and entrepreneurship improvisation has been strengthened, and after the implementation of the punishment system for dishonesty, the relationship between strict selection of incubating companies and informal entrepreneurship has also been strengthened.#br#This stduty investigates the economic consequences of strict selection of incubating companies, expands innovative research on incubation mechanisms in the incubation process, and provides theoretical support for the implementation of the elite incubation concept. Moreover, the exploration of the value of strict selection orientation and incubator compatibility provides practical basis for the design of strict selection of incubating companies mechanism. Thirdly through the embedment of institutional context and the introduction of entrepreneurial failure inhibitory behavior, it reveals the influence path of strict incubation, and provides a new basis for judging the effectiveness of current policies. All in all, both the study and judgment of the economic consequences of strict selection of incubating companies and the excavation of its mechanism of action are a dialectical and attempt to prepare for the new development and new concept of entrepreneurial economy. The conclusion not only provides inspiration for the reform and transformation of incubators in the background of China's system and high-quality development strategy, but also provides a unique Chinese contribution to the integration of entrepreneurial failure theory and incubation mechanism.#br#
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Received: 11 October 2021
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