Enhancing new venture survival: The role of ESOs in Taiwan’s entrepreneurial landscape

IF 4.3 3区 管理学 Q2 BUSINESS
Yu-Chun Chen, Rung-Wei Po
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Abstract

New venture survival is a central concern in entrepreneurship research, yet comparative evidence on how entrepreneurial support organization (ESO) ownership shapes long-term survival remains scarce, especially outside privately dominated Western ecosystems. This study examines public versus private ESO engagement in Taiwan, a government-intensive setting in which approximately 70% of ESOs are publicly managed. Using a mixed-methods design that combines qualitative insights with survival analysis, we study 548 ventures (281 events) affiliated with AppWorks and Garage+ (private) or FITI and TIEC (public), with follow-up through April 2025. Three findings emerge. First, broader ESO engagement does not confer a survival advantage. Multiple-ESO ventures exhibit significantly different event timing, and both ventures participating in three programs eventually disbanded. These findings suggest a potential “more is worse” pattern, in which strategic focus may be more beneficial than breadth of engagement. Second, the log-rank test does not detect a significant private–public difference. Five- and ten-year Kaplan–Meier estimates are 67.2% and 45.9% for the full sample; public point estimates are modestly higher than private ones, but confidence intervals overlap and the public risk set thins sharply after year 10. Third, founder social-network visibility is associated with a lower hazard, whereas education and experience are not significant standalone predictors; SN is also lower among FITI-supported ventures than among the other three ESOs. The study contributes longitudinal evidence from a non-Western, government-dominated ecosystem and shows that ownership type alone does not produce a durable survival advantage.
提升新创企业的生存能力:ESOs在台湾创业环境中的角色
新创企业的生存是创业研究的核心问题,但关于创业支持组织(ESO)所有权如何影响长期生存的比较证据仍然很少,特别是在私人主导的西方生态系统之外。本研究考察了台湾的公共与私人ESO参与情况,台湾是一个政府密集的环境,其中大约70%的ESO是公共管理的。我们使用混合方法设计,将定性见解与生存分析相结合,研究了与AppWorks和Garage+(私人)或FITI和TIEC(公共)相关的548家企业(281个事件),并随访至2025年4月。有三个发现。首先,更广泛的ESO参与并不会带来生存优势。多重eso企业表现出显著不同的事件时间,参与三个项目的两个企业最终都解散了。这些发现表明,可能存在一种“越多越糟”的模式,在这种模式下,战略重点可能比广泛参与更有益。其次,log-rank检验没有发现显著的公私差异。整个样本的5年和10年Kaplan-Meier估计值分别为67.2%和45.9%;公共点估计略高于私人点估计,但置信区间重叠,公共风险在10年后急剧下降。第三,创始人的社交网络知名度与较低的风险相关,而教育和经验不是重要的独立预测因素;在fii支持的企业中,SN也低于其他三个eso。该研究提供了来自非西方、政府主导的生态系统的纵向证据,表明所有权类型本身并不能产生持久的生存优势。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
8.00
自引率
6.20%
发文量
29
审稿时长
>12 weeks
期刊介绍: The Journal of Engineering and Technology Management (JET-M) is an international scholarly refereed research journal which aims to promote the theory and practice of technology, innovation, and engineering management. The journal links engineering, science, and management disciplines. It addresses the issues involved in the planning, development, and implementation of technological capabilities to shape and accomplish the strategic and operational objectives of an organization. It covers not only R&D management, but also the entire spectrum of managerial concerns in technology-based organizations. This includes issues relating to new product development, human resource management, innovation process management, project management, technological fusion, marketing, technological forecasting and strategic planning. The journal provides an interface between technology and other corporate functions, such as R&D, marketing, manufacturing and administration. Its ultimate goal is to make a profound contribution to theory development, research and practice by serving as a leading forum for the publication of scholarly research on all aspects of technology, innovation, and engineering management.
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