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?

Maria Lúcia Pato and Aurora Teixeira ()

European Planning Studies, 2020, vol. 28, issue 8, 1619-1638

Abstract: 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.

Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/09654313.2019.1694866 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:eurpls:v:28:y:2020:i:8:p:1619-1638

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CEPS20

DOI: 10.1080/09654313.2019.1694866

Access Statistics for this article

European Planning Studies is currently edited by Philip Cooke and Louis Albrechts

More articles in European Planning Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().