IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

A Novel Approach to Incubator Evaluations: The PROMETHEE Outranking Procedures

  • Michael Schwartz
  • Maximilian Göthner

Considerable public resources are devoted to the establishment and operation of business incubators (BIs), which are seen as catalysts for the promotion of entrepreneurship, innovation activities and regional development. Despite the vast amount of research that has focused on the outcomes or effectiveness of incubator initiatives and how to measure incubator performance, there is still little understanding of how to determine incubators that are more effective than others. Based on data from 410 graduate firms, this paper applies the multi-criteria outranking technique PROMETHEE (Preference Ranking Organization Method for Enrichment Evaluation) and compares the long-term effectiveness of five technology-oriented BIs in Germany. This is the first time that outranking procedures are used in incubator evaluations. In particular, we investigate whether PROMETHEE is a well-suited methodological approach for the evaluation and comparisons in the specific context of business incubation.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.iwh-halle.de/d/publik/disc/1-09.pdf
Download Restriction: no

Paper provided by Halle Institute for Economic Research in its series IWH Discussion Papers with number 1.

as
in new window

Length:
Date of creation: Jan 2009
Date of revision:
Handle: RePEc:iwh:dispap:1-09
Contact details of provider: Postal: Kleine Märkerstrasse 8, 06108 Halle (Saale)
Phone: (0345) 7753-60
Fax: (0345) 7753-820
Web page: http://www.iwh-halle.de

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Rudy Aernoudt, 2004. "Incubators: Tool for Entrepreneurship?," Small Business Economics, Springer, vol. 23(2), pages 127-135, 09.
  2. Storey, D. J. & Tether, B. S., 1998. "Public policy measures to support new technology-based firms in the European Union," Research Policy, Elsevier, vol. 26(9), pages 1037-1057, April.
  3. Bana E Costa, Carlos A. & Stewart, Theodor J. & Vansnick, Jean-Claude, 1997. "Multicriteria decision analysis: Some thoughts based on the tutorial and discussion sessions of the ESIGMA meetings," European Journal of Operational Research, Elsevier, vol. 99(1), pages 28-37, May.
  4. Phan, Phillip H. & Siegel, Donald S. & Wright, Mike, 2005. "Science parks and incubators: observations, synthesis and future research," Journal of Business Venturing, Elsevier, vol. 20(2), pages 165-182, March.
  5. Thierstein, Alain & Wilhelm, Beate, 1999. "Incubator, technology and innovation centers in Switzerland; features and policy implications," ERSA conference papers ersa99pa385, European Regional Science Association.
  6. Brans, J. P. & Vincke, Ph. & Mareschal, B., 1986. "How to select and how to rank projects: The method," European Journal of Operational Research, Elsevier, vol. 24(2), pages 228-238, February.
  7. Sean Hackett & David Dilts, 2008. "Inside the black box of business incubation: Study B—scale assessment, model refinement, and incubation outcomes," The Journal of Technology Transfer, Springer, vol. 33(5), pages 439-471, October.
  8. Guitouni, Adel & Martel, Jean-Marc, 1998. "Tentative guidelines to help choosing an appropriate MCDA method," European Journal of Operational Research, Elsevier, vol. 109(2), pages 501-521, September.
  9. Beynon, Malcolm J. & Wells, Peter, 2008. "The lean improvement of the chemical emissions of motor vehicles based on preference ranking: A PROMETHEE uncertainty analysis," Omega, Elsevier, vol. 36(3), pages 384-394, June.
  10. Lois Peters & Mark Rice & Malavika Sundararajan, 2004. "The Role of Incubators in the Entrepreneurial Process," The Journal of Technology Transfer, Springer, vol. 29(1), pages 83-91, 01.
  11. Al-Rashdan, Dina & Al-Kloub, Bashar & Dean, Angela & Al-Shemmeri, Tarik, 1999. "Environmental impact assessment and ranking the environmental projects in Jordan," European Journal of Operational Research, Elsevier, vol. 118(1), pages 30-45, October.
  12. Brans, Jean-Pierre, 1996. "The space of freedom of the decision maker modelling the human brain," European Journal of Operational Research, Elsevier, vol. 92(3), pages 593-602, August.
  13. Bouyssou, D. & Perny, P., 1992. "Ranking methods for valued preference relations : A characterization of a method based on leaving and entering flows," European Journal of Operational Research, Elsevier, vol. 61(1-2), pages 186-194, August.
  14. Lofsten, Hans & Lindelof, Peter, 2002. "Science Parks and the growth of new technology-based firms--academic-industry links, innovation and markets," Research Policy, Elsevier, vol. 31(6), pages 859-876, August.
  15. Rothaermel, Frank T. & Thursby, Marie, 2005. "Incubator firm failure or graduation?: The role of university linkages," Research Policy, Elsevier, vol. 34(7), pages 1076-1090, September.
  16. Michael Fritsch & Pamela Mueller, 2004. "The Effects of New Business Formation on Regional Development over Time," Papers on Entrepreneurship, Growth and Public Policy 2004-36, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  17. Mariagrazia Squicciarini, 2008. "Science Parks’ tenants versus out-of-Park firms: who innovates more? A duration model," The Journal of Technology Transfer, Springer, vol. 33(1), pages 45-71, February.
  18. Goumas, M. & Lygerou, V., 2000. "An extension of the PROMETHEE method for decision making in fuzzy environment: Ranking of alternative energy exploitation projects," European Journal of Operational Research, Elsevier, vol. 123(3), pages 606-613, June.
  19. Matthias Almus, 2002. "What characterizes a fast-growing firm?," Applied Economics, Taylor & Francis Journals, vol. 34(12), pages 1497-1508.
  20. Colombo, Massimo G. & Delmastro, Marco, 2002. "How effective are technology incubators?: Evidence from Italy," Research Policy, Elsevier, vol. 31(7), pages 1103-1122, September.
  21. Michael Fritsch & Pamela Mueller, 2004. "Effects of New Business Formation on Regional Development over Time," Regional Studies, Taylor & Francis Journals, vol. 38(8), pages 961-975.
  22. I. Pena, 2004. "Business Incubation Centers and New Firm Growth in the Basque Country," Small Business Economics, Springer, vol. 22(3_4), pages 223-236, 04.
  23. Siegel, Donald S & Westhead, Paul & Wright, Mike, 2003. " Science Parks and the Performance of New Technology-Based Firms: A Review of Recent U.K. Evidence and an Agenda for Future Research," Small Business Economics, Springer, vol. 20(2), pages 177-84, March.
  24. Macharis, Cathy & Springael, Johan & De Brucker, Klaas & Verbeke, Alain, 2004. "PROMETHEE and AHP: The design of operational synergies in multicriteria analysis.: Strengthening PROMETHEE with ideas of AHP," European Journal of Operational Research, Elsevier, vol. 153(2), pages 307-317, March.
  25. Bertrand Mareschal & Jean Pierre Brans, 1990. "The PROMETHEE methods for MCDM: the PROMCALC, GAIA and BANK ADVISER software," ULB Institutional Repository 2013/9337, ULB -- Universite Libre de Bruxelles.
  26. Albadvi, Amir & Chaharsooghi, S. Kamal & Esfahanipour, Akbar, 2007. "Decision making in stock trading: An application of PROMETHEE," European Journal of Operational Research, Elsevier, vol. 177(2), pages 673-683, March.
  27. Rhonda Phillips, 2002. "Note: Evaluating Community Economic Development Planning Programs with a Small Number of Participants: A Non-Parametric Approach," Growth and Change, Wiley Blackwell, vol. 33(4), pages 497-512.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:iwh:dispap:1-09. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tobias Henning)

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.