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Technology commercialization, incubator and venture capital, and new venture performance

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  • Chen, Chung-Jen

Abstract

This study examines the effects of technology commercialization, incubator and venture capital supports on new venture performance from the resource-based view. This study uses regression analysis to test the hypotheses in a sample of 122 new ventures. The findings highlight the role of technology commercialization as a mediator between organizational resources, innovative capabilities, and new venture performance. Also, the empirical evidence indicates that incubator and venture capital supports moderate the effects of technology commercialization on the performance of new ventures. Finally, this study discusses managerial implications and highlights future research directions.

Suggested Citation

  • Chen, Chung-Jen, 2009. "Technology commercialization, incubator and venture capital, and new venture performance," Journal of Business Research, Elsevier, vol. 62(1), pages 93-103, January.
  • Handle: RePEc:eee:jbrese:v:62:y:2009:i:1:p:93-103
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Fakhraddin Maroofi, 2016. "Investigating The Links Between The Distinct Layers Of An Organisation’S Culture And Innovative Behaviours," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(07), pages 1-28, October.
    2. Kollmann, Tobias & Kuckertz, Andreas, 2010. "Evaluation uncertainty of venture capitalists' investment criteria," Journal of Business Research, Elsevier, vol. 63(7), pages 741-747, July.
    3. Nikolaos Theriou & Vassilis Aggelidis, 2014. "Management Accounting Systems, Top Management Team’s Risk Characteristics and Their Effect on Strategic Change," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 3-38.
    4. Cuiping Ma & Jibao Gu & Hefu Liu, 0. "Entrepreneurs’ passion and new venture performance in China," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-26.
    5. Sahaym, Arvin, 2013. "Born with a silver spoon of legitimacy but struggling for identity? The paradox of emerging spin-offs in a new sector," Journal of Business Research, Elsevier, vol. 66(11), pages 2210-2217.
    6. Cho, Jaemin & Lee, Jaeho, 2013. "The venture capital certification role in R&D: Evidence from IPO underpricing in Korea," Pacific-Basin Finance Journal, Elsevier, vol. 23(C), pages 83-108.
    7. Sahaym, Arvin & Howard, Michael D. & Basu, Sandip & Boeker, Warren, 2016. "The parent's legacy: Firm founders and technological choice," Journal of Business Research, Elsevier, vol. 69(8), pages 2624-2633.
    8. Zolin, Roxanne & Kuckertz, Andreas & Kautonen, Teemu, 2011. "Human resource flexibility and strong ties in entrepreneurial teams," Journal of Business Research, Elsevier, vol. 64(10), pages 1097-1103, October.
    9. Lutz, Eva & Bender, Marko & Achleitner, Ann-Kristin & Kaserer, Christoph, 2013. "Importance of spatial proximity between venture capital investors and investees in Germany," Journal of Business Research, Elsevier, vol. 66(11), pages 2346-2354.
    10. Rosenbusch, Nina & Brinckmann, Jan & Müller, Verena, 2013. "Does acquiring venture capital pay off for the funded firms? A meta-analysis on the relationship between venture capital investment and funded firm financial performance," Journal of Business Venturing, Elsevier, vol. 28(3), pages 335-353.
    11. Alin-Cristian Joiţa & Floarea Năstase, 2014. "Seeding Phase Software Architecture Model For Virtual Business Incubators," Romanian Economic Business Review, Romanian-American University, vol. 8(2), pages 474-487, December.
    12. Hogan, Suellen J. & Coote, Leonard V., 2014. "Organizational culture, innovation, and performance: A test of Schein's model," Journal of Business Research, Elsevier, vol. 67(8), pages 1609-1621.
    13. repec:eee:iburev:v:27:y:2018:i:1:p:259-268 is not listed on IDEAS
    14. Lai, Wen-Hsiang & Lin, Chiu-Ching, 2015. "Constructing business incubation service capabilities for tenants at post-entrepreneurial phase," Journal of Business Research, Elsevier, vol. 68(11), pages 2285-2289.
    15. Hai Guo & Jintong Tang & Zhongfeng Su, 2014. "To be different, or to be the same? The interactive effect of organizational regulatory legitimacy and entrepreneurial orientation on new venture performance," Asia Pacific Journal of Management, Springer, vol. 31(3), pages 665-685, September.
    16. repec:kap:jtecht:v:42:y:2017:i:3:d:10.1007_s10961-016-9510-7 is not listed on IDEAS
    17. Markus A. Kirchberger & Larissa Pohl, 2016. "Technology commercialization: a literature review of success factors and antecedents across different contexts," The Journal of Technology Transfer, Springer, vol. 41(5), pages 1077-1112, October.
    18. repec:spr:intemj:v:13:y:2017:i:4:d:10.1007_s11365-017-0435-x is not listed on IDEAS
    19. Sufia Kamal Laskar & Khalid Waheed, 2016. "Substantive Incubation for growth and its ICT impact on MSME's," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 4(4), pages 53-77, November.
    20. Belso-Martinez, Jose A. & Molina-Morales, F. Xavier & Mas-Verdu, Francisco, 2013. "Combining effects of internal resources, entrepreneur characteristics and KIS on new firms," Journal of Business Research, Elsevier, vol. 66(10), pages 2079-2089.
    21. Williams, David R., 2013. "Human and financial capital as determinants of biopharmaceutical IPO de-listings," Journal of Business Research, Elsevier, vol. 66(12), pages 2612-2618.

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