Determinants of performance of new ventures located in Portuguese incubators and science parks with a focus on institutional factors: do rural and urban new ventures differ?

• Type: Article in International Scientific Journal
• Date: 2020

Authors

Pato, ML (Author) Other; Aurora Teixeira (Author) FEP

Journal

Title: European Planning Studies

Vol. 28 No. 8

Pages: 1619-1638

ISSN: 0965-4313

Publisher: Taylor & Francis

Indexing

ISI Web of Knowledge - 7 Citations

Scopus - 7 Citations

Other information

Authenticus ID: P-00R-DS2

DOI: 10.1080/09654313.2019.1694866

Abstract (EN): The literature focusing on rural and urban entrepreneurship has so far overlooked the conditions in which different institutional contexts can affect firms¿ performance. The present study addressed this gap by investigating the extent to which institutional factors impact distinctively the performance of rural and urban newly created ventures. Based on data gathered through a direct questionnaire, we obtained 408 responses from newly created ventures located in Portuguese business incubators and science parks. Resorting to econometric binary (logit) models, we found that certain institutional factors, namely EU policy support, financial support from other sources than not banks, business advice for starting up/ ongoing activities, and collaboration to access new markets, are critical for new venture export performance, particularly those located in rural settings. To a larger extent than for urban, rural new venture economic-related performance positive and significantly depend on central government policy support, close relatives¿ role models, and technological support at the R&D collaboration level. Given the relevance of embeddedness-related factors in rural municipalities, public authorities should follow strategies that involve a growing connection between rural entrepreneurs and a variety of actors from industry, academia and the public and private sectors in order to foster newly created venture performance. © 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group.

Language: English

Type (Professor's evaluation): Scientific