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The Effects of Business Accelerators on Venture Performance: Evidence from Start-Up Chile
Open accessAbstract
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.
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Self-efficacy mechanism in human agency
Bandura, A. (1982) · American Psychologist · doi:10.1037/0003-066x.37.2.122 · Cited by 15,975
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Locke, E. A., & Latham, G. P. (2002) · American Psychologist · doi:10.1037/0003-066x.57.9.705 · Cited by 7,766
Social Influence: Compliance and Conformity
Cialdini, R. B., & Goldstein, N. J. (2004) · Annual Review of Psychology · doi:10.1146/annurev.psych.55.090902.142015 · Cited by 6,077
Identification and estimation of local average treatment effects
Imbens, G. W., & Angrist, J. D. (1994) · Econometrica · doi:10.2307/2951620 · Cited by 4,101
Van Der Klaauw, W. (2002) · International Economic Review · doi:10.1111/1468-2354.t01-1-00055 · Cited by 722
McKenzie, D. (2017) · American Economic Review · doi:10.1257/aer.20151404 · Cited by 333
Fostering and Measuring Skills: Interventions That Improve Character and Cognition
Heckman, J., & Kautz, T. (2013) · doi:10.3386/w19656 · Cited by 311
Can Entrepreneurial Activity be Taught? Quasi-Experimental Evidence from Central America
Klinger, B., & Schündeln, M. (2011) · World Development · doi:10.1016/j.worlddev.2011.04.021 · Cited by 171
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McKenzie, D. (2021) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grab002 · Cited by 148
Metadata
- Authors
- Gonzalez-Uribe, J., & Leatherbee, M.
- Venue
- The Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2017-09-05
- Volume
- 31
- Issue
- 4
- Pages
- 1566-1603
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W3006080929
- Cited by
- 286
- References
- 8
- FWCI
- 32.10
- Type
- journal article
- Language
- en
- Open access
- bronze
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