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| The Influence of Entrepreneurship Incubation of Incubators on Entrepreneurial Resilience of Incubated Enterprises and Its Constraint Effect |
| 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 As a major way to boost economic vitality, entrepreneurship has been promoting the high-quality economic transformation. Due to the market slowdown, "survival" has been the potential strategy for many start-ups in China. In order to adapt to the changing market environment, optimization of entrepreneurship performance is the key to achieving success and solving the entrepreneurial dilemma in the VUCA era. The concept of 'internal and external incubation' is recognized by academics as an effective governance concept to promote entrepreneurship. However, how to enhance entrepreneurial resilience is not included in the existing incubator research framework. With the logic of entrepreneurial contextual change and performance enhancement, it helps to verify the entrepreneurial sustainability and construct this research framework by identifying and revealing the incentive effect of incubators on entrepreneurial resilience. Therefore, enhancing entrepreneurial resilience by means of incubation contributes to the "survival" of start-ups in the VUCA era, and highlights the advantages of incubation. While the hindrance of incubation's role in stimulating sustainability and environmental adaptation is highly likely to be a key constraint to the development of entrepreneurial ventures. The 'external' involvement of the incubator in the binary interaction and the 'internal' opportunistic motivation of start-ups struggling to survive are disturbances, but in reality they are inevitable but easily overlooked. Therefore, whether and how these typical characteristics of incubators and incubatees affect the relationship between entrepreneurial incubation and resilience has become a key contextual factor in determining the boundaries of incubation performance in this study.#br#In line with the above-mentioned logic, this study takes into account the characteristics of entrepreneurship in the new era, and deconstructs entrepreneurship incubation into policy and knowledge from a resource-based view, and it explores the impact on the resilience of entrepreneurs and start-ups, as well as the perturbation of this impact by the dynamics of dual incubators. According to the empirical analysis of 346 sample data from Lanzhou, Xi'an and Suzhou cities, it is found that entrepreneurial incubation has a long-lasting incentive effect on entrepreneurial resilience. While the inverted U-shape of incubator control moderates the above relationship, the catering tendency of start-ups may reduce the above incentive effect. In addition, supplementary research further revises the boundaries of the utility of entrepreneurial incubation policies in enhancing entrepreneurial resilience.#br#Compared with the existing research, this paper has made some possible contributions in two ways. First, prior research has generally considered performance as the explanatory variable to demonstrate incubation effectiveness, and paid less attention to the changes in entrepreneurial resilience during the incubation process. In the context of entrepreneurship, when "survival" is the strategic goal of the enterprises, it will help clarify and improve existing incubation studies in terms of the institutional advantages of entrepreneurial sustainability by examining the incentive effect of business incubation on entrepreneurial resilience. The findings expand the perspective of judging the advantages of incubation mechanisms in the Chinese context and provide a useful reference for incubators to optimize their services in the VUCA era. Second, the existing literature has often overlooked the possible interference and negative impact of binary subject dynamics behind the effectiveness of incubation mechanisms, which leads to differences in incubation effects. This study selects the possible self-interested motives in the process of binary interaction as the empirical context for determining the boundary of the impact of incubation on entrepreneurial resilience. This not only restores the characteristics of binary subject dynamics in the VUCA era, but also provides an assertion basis for the delineation of the aforementioned effect boundary. By the end, it is suggested that regional characteristics should be stressed in promoting the development of technology enterprise incubators into local development plans so as to avoid resource waste; it is necessary to construct the professional and technological innovation public service platforms to enhance the efficiency of knowledge sharing among circular networks within different incubators; it is important to improve the flexible mechanism for incubators to participate in entrepreneurship, and accelerate the digital transformation of regulatory authorities to prevent entrepreneurial speculation.#br#
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Received: 08 December 2022
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