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The effects of business accelerators on venture performance: evidence from start-up Chile

Gonzalez-Uribe, Juanita and Leatherbee, Michael (2018) The effects of business accelerators on venture performance: evidence from start-up Chile. Review of Financial Studies, 31 (4). pp. 1566-1603. ISSN 0893-9454

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Identification Number: 10.1093/rfs/hhx103

Abstract

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.

Item Type: Article
Official URL: https://academic.oup.com/rfs
Additional Information: © 2017 The Authors
Divisions: Finance
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Sets: Departments > Finance
Date Deposited: 10 Oct 2017 14:46
Last Modified: 20 Nov 2019 05:25
URI: http://eprints.lse.ac.uk/id/eprint/84553

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