Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 28 , 10 November 2023


Open Access | Article

Contribution to the Impact of Incubator on Nascent Startup Performance -- From Agency-problem Perspective

Zixuan Zhou * 1
1 the University of Sydney

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 28, 37-43
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Zixuan Zhou. Contribution to the Impact of Incubator on Nascent Startup Performance -- From Agency-problem Perspective. AEMPS (2023) Vol. 28: 37-43. DOI: 10.54254/2754-1169/28/20231279.

Abstract

This study provides a novel model to discuss the function of incubator on startups by combining agency theory and social capital theory. The analysis is based on the assumption that the agency cost in startup business operations results in higher information asymmetry for creditors and equity investors in firm evaluation, which leads to more obstacles to a startup’s access to funding. The emphasis is on the startup’s operating environment from the perspective of goal-directed conflict and information asymmetry. The inference is conducted based on antecedent literature that mainly relied on social capital theory, and we try to shed light by adding agency theory to extend the boundaries of current studies. The implications of this result indicate the improved efficiency of utilizing an incubator in alleviating the complexity of a startup’s operating environment. The study provides insight into future policy making in startup development and incubator-related assistance.

Keywords

startup, agency-problem, incubator

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-077-6
ISBN (Online)
978-1-83558-078-3
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/28/20231279
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated