IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i4p2139-d748517.html
   My bibliography  Save this article

Business Incubators and Survival of Startups in Times of COVID-19

Author

Listed:
  • Débora De Esteban Escobar

    (International Doctoral School (EID), Rey Juan Carlos University, 28008 Madrid, Spain)

  • Carmen De-Pablos-Heredero

    (ESIC Business & Marketing School, ESIC University, 28223 Madrid, Spain
    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)

  • José Luis Montes-Botella

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

  • Francisco José Blanco Jiménez

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

  • Antón García

    (Animal Science Department, Rabanales University Campus, University of Cordoba, 14071 Cordoba, Spain)

Abstract

This research seeks to understand the situation that entrepreneurs have experienced during COVID-19 and the impact that this has caused on the entrepreneurial ecosystem. The question is whether business incubators as facilitating institutions of entrepreneurship have been determinants for the survival of startups. The study was conducted using a statistical methodology of analysis based on the application of structural equations modeling (SEM) on a theoretical framework built and validated empirically in a representative sample of entrepreneurs from the Community of Madrid (Spain). The results obtained show that the different tools, actions, advice, and services offered by the business incubators, during confinement to the present, have been key to the survival of the entrepreneurial ecosystem, which in turn promotes the advancement of the productive industry of our country.

Suggested Citation

  • 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.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:4:p:2139-:d:748517
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/4/2139/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/4/2139/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michael Schwartz, 2013. "A control group study of incubators’ impact to promote firm survival," The Journal of Technology Transfer, Springer, vol. 38(3), pages 302-331, June.
    2. Barbara Siuta-Tokarska, 2021. "SMEs during the COVID-19 Pandemic Crisis. The Sources of Problems, the Effects of Changes, Applied Tools and Management Strategies—The Example of Poland," Sustainability, MDPI, vol. 13(18), pages 1-13, September.
    3. Vera Rocha & Anabela Carneiro & Celeste Varum, 2015. "Entry and exit dynamics of nascent business owners," Small Business Economics, Springer, vol. 45(1), pages 63-84, June.
    4. Motohashi, Kazuyuki, 2005. "University-industry collaborations in Japan: The role of new technology-based firms in transforming the National Innovation System," Research Policy, Elsevier, vol. 34(5), pages 583-594, June.
    5. Miescu, Mirela & Rossi, Raffaele, 2021. "COVID-19-induced shocks and uncertainty," European Economic Review, Elsevier, vol. 139(C).
    6. Mas-Verdú, Francisco & Ribeiro-Soriano, Domingo & Roig-Tierno, Norat, 2015. "Firm survival: The role of incubators and business characteristics," Journal of Business Research, Elsevier, vol. 68(4), pages 793-796.
    7. 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.
    8. Christian Nitzl & Wynne W. Chin, 2017. "The case of partial least squares (PLS) path modeling in managerial accounting research," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 28(2), pages 137-156, May.
    9. Giorgos Meramveliotakis & Manolis Manioudis, 2021. "Sustainable Development, COVID-19 and Small Business in Greece: Small Is Not Beautiful," Administrative Sciences, MDPI, vol. 11(3), pages 1-15, September.
    10. Crittenden, Andrew B. & Crittenden, Victoria L. & Crittenden, William F., 2019. "The digitalization triumvirate: How incumbents survive," Business Horizons, Elsevier, vol. 62(2), pages 259-266.
    11. Leach, Melissa & MacGregor, Hayley & Scoones, Ian & Wilkinson, Annie, 2021. "Post-pandemic transformations: How and why COVID-19 requires us to rethink development," World Development, Elsevier, vol. 138(C).
    12. Albort-Morant, Gema & Oghazi, Pejvak, 2016. "How useful are incubators for new entrepreneurs?," Journal of Business Research, Elsevier, vol. 69(6), pages 2125-2129.
    13. van Weele, Marijn & van Rijnsoever, Frank J. & Nauta, Frans, 2017. "You can't always get what you want: How entrepreneur's perceived resource needs affect the incubator's assertiveness," Technovation, Elsevier, vol. 59(C), pages 18-33.
    14. Tenenhaus, Michel & Vinzi, Vincenzo Esposito & Chatelin, Yves-Marie & Lauro, Carlo, 2005. "PLS path modeling," Computational Statistics & Data Analysis, Elsevier, vol. 48(1), pages 159-205, January.
    15. Roberto Blanco & Sergio Mayordomo & Álvaro Menéndez & Álvaro Menéndez, 2020. "El impacto de la crisis del Covid-19 sobre la situación financiera de las empresas no financieras en 2020: evidencia basada en la Central de Balances," Boletín Económico, Banco de España, issue 4/2020.
    16. Manuel Octavio Del Campo Villares & Vanessa Miguéns-Refojo & Francisco Jesús Ferreiro-Seoane, 2020. "Business Survival and the Influence of Innovation on Entrepreneurs in Business Incubators," Sustainability, MDPI, vol. 12(15), pages 1-20, July.
    17. Staniewski, Marcin W. & Janowski, Konrad & Awruk, Katarzyna, 2016. "Entrepreneurial personality dispositions and selected indicators of company functioning," Journal of Business Research, Elsevier, vol. 69(5), pages 1939-1943.
    18. Hai Guo & Zhuen Yang & Ran Huang & Anqi Guo, 2020. "The digitalization and public crisis responses of small and medium enterprises: Implications from a COVID-19 survey," Frontiers of Business Research in China, Springer, vol. 14(1), pages 1-25, December.
    19. Hielke Buddelmeyer & Paul H. Jensen & Elizabeth Webster, 2010. "Innovation and the determinants of company survival," Oxford Economic Papers, Oxford University Press, vol. 62(2), pages 261-285, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chan, Yolande E. & Krishnamurthy, Rashmi & Sadreddin, Arman, 2022. "Digitally-enabled university incubation processes," Technovation, Elsevier, vol. 118(C).
    2. 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.
    3. Piperopoulos, Panagiotis & Jimenez-Moro, Eduardo & Yeung, Matthew & Christopoulou, Danai & Ming, Alan Au Kai, 2023. "The impact of exogenous shocks on the innovation performance of firms in the Caribbean small island economies: Quasi-replication of Paunov (2012)," Technological Forecasting and Social Change, Elsevier, vol. 196(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Del Sarto, Nicola & Isabelle, Diane A. & Di Minin, Alberto, 2020. "The role of accelerators in firm survival: An fsQCA analysis of Italian startups," Technovation, Elsevier, vol. 90.
    2. Nicola Del Sarto & Alberto Di Minin & Giulio Ferrigno & Andrea Piccaluga, 2021. "Born global and well educated: start-up survival through fuzzy set analysis," Small Business Economics, Springer, vol. 56(4), pages 1405-1423, April.
    3. Kameliya Deyanova & Nataliia Brehmer & Artur Lapidus & Victor Tiberius & Steve Walsh, 2022. "Hatching start-ups for sustainable growth: a bibliometric review on business incubators," Review of Managerial Science, Springer, vol. 16(7), pages 2083-2109, October.
    4. Brian J. Bergman & Jeffery S. McMullen, 2022. "Helping Entrepreneurs Help Themselves: A Review and Relational Research Agenda on Entrepreneurial Support Organizations," Entrepreneurship Theory and Practice, , vol. 46(3), pages 688-728, May.
    5. Han, Shaojie & Su, Jingqin & Lyu, Yibo & Liu, Qing, 2022. "How do business incubators govern incubation relationships with different new ventures?," Technovation, Elsevier, vol. 116(C).
    6. María Dolores Aledo‐Ruiz & Eva Martínez‐Caro & José Manuel Santos‐Jaén, 2022. "The influence of corporate social responsibility on students' emotional appeal in the HEIs: The mediating effect of reputation and corporate image," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 578-592, May.
    7. Vidit Mohan & Rohan Chinchwadkar, 2022. "Technology Business Incubation: A Literature Review and Gaps," International Journal of Global Business and Competitiveness, Springer, vol. 17(1), pages 53-63, June.
    8. Cobo-Benita, José Ramón & Rodríguez-Segura, Enrique & Ortiz-Marcos, Isabel & Ballesteros-Sánchez, Luis, 2016. "Innovation projects performance: Analyzing the impact of organizational characteristics," Journal of Business Research, Elsevier, vol. 69(4), pages 1357-1360.
    9. Xiangfei Yuan & Haijing Hao & Chenghua Guan & Alex Pentland, 2021. "What are the key components of an entrepreneurial ecosystem in a developing economy? A longitudinal empirical study on technology business incubators in China," Papers 2103.08131, arXiv.org.
    10. Mingfeng Tang & Hao Huang & Grace Walsh & Maribel Guerrero, 2023. "The impact of entrepreneurial overconfidence on incubator effectiveness," The Journal of Technology Transfer, Springer, vol. 48(1), pages 416-440, February.
    11. J. Piet Hausberg & Sabrina Korreck, 2020. "Business incubators and accelerators: a co-citation analysis-based, systematic literature review," The Journal of Technology Transfer, Springer, vol. 45(1), pages 151-176, February.
    12. Vincent Van Roy & Daniel Nepelski, 2016. "Assessment of Framework Conditions for the Creation and Growth of Firms in Europe," JRC Research Reports JRC103350, Joint Research Centre.
    13. Fernandez-Vidal, Jorge & Gonzalez, Reyes & Gasco, Jose & Llopis, Juan, 2022. "Digitalization and corporate transformation: The case of European oil & gas firms," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    14. Nair, Sujith & Blomquist, Tomas, 2021. "Exploring docility: A behavioral approach to interventions in business incubation," Research Policy, Elsevier, vol. 50(7).
    15. Radosław Wolniak & Michalene Eva Grebski & Bożena Skotnicka-Zasadzień, 2019. "Comparative Analysis of the Level of Satisfaction with the Services Received at the Business Incubators (Hazleton, PA, USA and Gliwice, Poland)," Sustainability, MDPI, vol. 11(10), pages 1-22, May.
    16. Merguei, Nitzan, 2022. "Venturing out: Designing effective pre-acceleration programs," Technovation, Elsevier, vol. 116(C).
    17. Drăgan, George Bogdan & Ben Arfi, Wissal & Tiberius, Victor & Ammari, Aymen, 2023. "Gravitating exogenous shocks to the next normal through entrepreneurial coopetive interactions: A PLS-SEM and fsQCA approach," Journal of Business Research, Elsevier, vol. 157(C).
    18. Mas-Verdú, Francisco & Ribeiro-Soriano, Domingo & Roig-Tierno, Norat, 2015. "Firm survival: The role of incubators and business characteristics," Journal of Business Research, Elsevier, vol. 68(4), pages 793-796.
    19. Shafaqat Mehmood & Changyong Liang & Dongxiao Gu, 2018. "Heritage Image and Attitudes toward a Heritage Site: Do They Really Mediate the Relationship between User-Generated Content and Travel Intentions toward a Heritage Site?," Sustainability, MDPI, vol. 10(12), pages 1-26, November.
    20. Hamood Mohd. Al-Hattami, 2021. "Validation of the D&M IS success model in the context of accounting information system of the banking sector in the least developed countries," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 32(1), pages 127-153, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:4:p:2139-:d:748517. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.