New venture legitimacy and entrepreneurial support

Karim Messeghem (), Sylvie Sammut and René Pierre Beylier ()
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Karim Messeghem: MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School
Sylvie Sammut: MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School
René Pierre Beylier: MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School

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Abstract: Many of today's entrepreneurs opt for a period in an incubator in order to take advantage of the assistance, support and enhanced legitimacy that incubators offer. Yet these entrepreneurs do not all have the same expectations. To determine the characteristics that differentiate entrepreneurs in the new venture process, we crossed two complementary perspectives: neo-institutional theory and the opportunity-based approach. We developed a conceptual framework to take into account four key variables in the entrepreneurial process: the search for legitimacy, opportunity pursuit, role of networks, and new venture support. Our results showed that entrepreneurs can be differentiated on the basis of competitive and professional legitimacy. Our analyses further indicate that the degree of professional legitimacy possessed by the entrepreneur has an impact on expectations for the incubator.

Keywords: new venture legitimacy; business incubators; networking; entrepreneurial support; expectations; entrepreneurs characteristics; entrepreneurship support; neo-institutional theory; opportunity based approach; opportunity pursuit; opportunities; new ventures; competitive legitimacy; professional legitimacy (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

Published in International Journal of Entrepreneurship and Small Business, 2014, 23 (4), pp.528-551. ⟨10.1504/IJESB.2014.065681⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02048410

DOI: 10.1504/IJESB.2014.065681

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