Our paper investigates how nascent firms ‘performance is affected by strategic group membership and industrial agglomeration. Agglomeration is defined using geographical concentration while strategic groups are measured as incubated firms that belong to the industry most highly represented within an incubator. Results reveal that incubated firms in counties with higher levels of agglomeration experience a lower hazard of exit. Similarly, incubated firms that belong to a strategic group have a lower hazard of exit. However, the combined effects of agglomeration and strategic group membership based on a three-way interaction between incubation, agglomeration, and strategic group membership leads to an increased hazard of exit.
|Conference||Babson College Entrepreneurship Research Conference, BCERC 2013|
|Period||5/06/13 → 8/06/13|