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Identifying and boosting “gazelles”: evidence from business accelerators

Juanita Gonzalez-Uribe and Santiago Reyes

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

Abstract: Why is high-growth entrepreneurship scarce in developing countries? Does this scarcity reflect firm capabilities constraints? We explore these questions using as a laboratory an accelerator in Colombia that selects participants using scores from randomly assigned judges and offers them training, advice, and visibility but no cash. Exploiting exogenous differences in judges’ scoring generosity, we show that alleviating constraints to firm capabilities unlocks innovative entrepreneurs’ potential but does not transform subpar ideas into high-growth firms. The results demonstrate that some high-potential entrepreneurs in developing economies face firm capabilities constraints and accelerators can help identify these entrepreneurs and boost their growth.

Keywords: High growth entreprenuership; Business accelerators; Young firms; firm capabilities (search for similar items in EconPapers)
JEL-codes: G24 M13 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2021-01-01
New Economics Papers: this item is included in nep-bec and nep-sbm
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Published in Journal of Financial Economics, 1, January, 2021, 139(1), pp. 260 - 287. ISSN: 0304-405X

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:103145

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