Coworking spaces and Start-ups: Empirical evidence from a product market competition and life cycle perspective
Felix Gauger,
Andreas Pfnür and
Jan-Oliver Strych
Journal of Business Research, 2021, vol. 132, issue C, 67-78
Abstract:
This paper is an empirical analysis – based on classic buyer–seller relationship theory – of the spatial relationship between coworking spaces and start-ups in an entrepreneurial ecosystem. We examine the relation between product market competition among coworking spaces and the life-cycle stages of their partnering start-ups, both of which influence the level of trust between the partners. In our hand-collected sample of coworking spaces in Germany’s seven largest cities, our findings indicate that mature start-ups are more likely to partner with coworking spaces in regions where product market competition among the latter is high. The relation between the number of nascent start-ups and product market competition among coworking spaces is found to be hump-shaped, indicating that nascent start-ups are more likely to partner with coworking spaces where market competition is neither too low nor too high. Our findings are corroborated by a European study based on WeWork data.
Keywords: Coworking space; Start-ups; Trust; Product market competition; Buyer–seller relation theory; Entrepreneurial ecosystem (search for similar items in EconPapers)
JEL-codes: D22 D23 E22 G32 M13 R11 R33 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:132:y:2021:i:c:p:67-78
DOI: 10.1016/j.jbusres.2021.04.008
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