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Value Creation of Business Incubator Functions: Economic and Social Sustainability in the COVID-19 Scenario

Author

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  • Cristina Lin-Lian

    (Department of Business Economics (Administration, Management and Organization), Applied Economics II and Fundamentals of Economic Analysis, Rey Juan Carlos University, Paseo de los Artilleros s/n, 28032 Madrid, Spain)

  • Carmen De-Pablos-Heredero

    (Department of Business Economics (Administration, Management and Organization), Applied Economics II and Fundamentals of Economic Analysis, Rey Juan Carlos University, Paseo de los Artilleros s/n, 28032 Madrid, Spain
    ESIC Business & Marketing School, Rey Juan Carlos University, Paseo de los Artilleros s/n, 28032 Madrid, Spain)

  • José Luis Montes-Botella

    (Department of Applied Economy I, Rey Juan Carlos University, Paseo de los Artilleros s/n, 28032 Madrid, Spain)

Abstract

Spain has encouraged support to sustain entrepreneurs in the COVID-19 pandemic. In this paper, the usefulness of the functions of business incubators regarding the social benefits derived from enhancing the sustainability of the entrepreneurial ecosystem is studied in the context of the COVID-19 scenario. Due to the lack of academic literature on the subject, an analysis based on the application of structural equation models (SEMs) has been carried out using a theoretical framework built and empirically validated using a representative sample of Spanish entrepreneurs. The results show that, according to stakeholders, the functionalities of business incubators were oriented to drive entrepreneurial initiatives to have highly positive effects on society. This research evidences that business incubators are key mechanisms to make entrepreneurship, growth and economic development more sustainable in society.

Suggested Citation

  • Cristina Lin-Lian & Carmen De-Pablos-Heredero & José Luis Montes-Botella, 2021. "Value Creation of Business Incubator Functions: Economic and Social Sustainability in the COVID-19 Scenario," Sustainability, MDPI, vol. 13(12), pages 1-15, June.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:12:p:6888-:d:577253
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    References listed on IDEAS

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    Cited by:

    1. Chan, Yolande E. & Krishnamurthy, Rashmi & Sadreddin, Arman, 2022. "Digitally-enabled university incubation processes," Technovation, Elsevier, vol. 118(C).
    2. Débora De Esteban Escobar & Carmen De-Pablos-Heredero & José Luis Montes-Botella & Francisco José Blanco Jiménez & Antón García, 2022. "Business Incubators and Survival of Startups in Times of COVID-19," Sustainability, MDPI, vol. 14(4), pages 1-15, February.
    3. Roberto Vaz & Sandrina Francisca Teixeira & João Vidal de Carvalho, 2022. "Comfortable but Not Brilliant: Exploring the Incubation Experience of Founders of Technology-Based Startups," Sustainability, MDPI, vol. 14(23), pages 1-22, November.
    4. Chengchun Wang & Norbert Mundorf & Ann Salzarulo-McGuigan, 2021. "Psychological Well-Being Sustainable during Entrepreneurial Process—The Moderating Role of Entrepreneurial Creativity," Sustainability, MDPI, vol. 13(19), pages 1-14, September.

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