The effects of business accelerators on venture performance: evidence from start-up Chile

Juanita Gonzalez-Uribe and Michael Leatherbee

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Do business accelerators affect new venture performance? We investigate this question in the context of Start-Up Chile, an ecosystem accelerator. We focus on two treatment conditions typically found in business accelerators: basic services of funding and coworking space, and additional entrepreneurship schooling. Using a regression discontinuity design, we show that schooling bundled with basic services can significantly increase new venture performance. In contrast, we find no evidence that basic services affect performance on their own. Our results are most relevant for ecosystem accelerators that attract young and early-stage businesses and suggest that entrepreneurial capital matters in new ventures.

JEL-codes: J01 N0 R14 (search for similar items in EconPapers)
Date: 2018-04-01
New Economics Papers: this item is included in nep-ino, nep-lam, nep-pay and nep-sbm
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Citations: View citations in EconPapers (41)

Published in Review of Financial Studies, 1, April, 2018, 31(4), pp. 1566 - 1603. ISSN: 0893-9454

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:84553

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