Quotation Shin, Seungryul Ryan, Han, John Seokhyun, Kang, Jina, Marhold, Klaus. 2019. Do Incumbent Firms’ Technological M&As Affect Startup Growth in the Entrepreneurial Ecosystem? AoM Annual Meeting 2019, Boston, United States/USA, 09.08.-13.08.


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Abstract

The study sheds new light on the roles of incumbent firms in shaping the entrepreneurial ecosystem, especially focusing on their ‘winner picking’, i.e., acquiring high-growth or innovative startups through technological M&As. It explores how incumbent firms’ technological M&As interplay with government sponsorship for startups and the innovativeness of constituent startups to influence the growth of startups within the entrepreneurial ecosystem. Through an empirical analysis based on multi-year panel data from 25 European countries, the study finds support for its main arguments. Incumbent firms’ technological M&As positively affect the growth of startups in the entrepreneurial ecosystem when the government provides insufficient support for startups as well as when innovativeness of constituent startups is low. They, however, negatively affect the growth of startups in the entrepreneurial ecosystem when the government provides a high level of sponsorship for startups. Along with important contributions to the academic literature on entrepreneurial ecosystems and technological M&As, the study provides valuable implications for policy makers concerned with establishing a prospering entrepreneurial ecosystem that fosters high growth startups.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Do Incumbent Firms’ Technological M&As Affect Startup Growth in the Entrepreneurial Ecosystem?
Event AoM Annual Meeting 2019
Year 2019
Date 09.08.-13.08.
Country United States/USA
Location Boston

Associations

People
Marhold, Klaus (Details)
External
Han, John Seokhyun (Samsung Economic Research Institute, Republic of Korea)
Kang, Jina (Seoul National University, Republic of Korea)
Shin, Seungryul Ryan (Seoul National University, Republic of Korea)
Organization
Institute for Entrepreneurship and Innovation IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
2943 Research and innovation management (Details)
2951 Technology transfer (Details)
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