Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 28 , 10 November 2023
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Access | Article
Contribution to the Impact of Incubator on Nascent Startup Performance -- From Agency-problem Perspective
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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
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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
- 10 November 2023
- 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