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.
Zeitraum
9 Aug. 2019 → 13 Aug. 2019
Ereignistitel
AoM Annual Meeting 2019
Veranstaltungstyp
Keine Angaben
Bekanntheitsgrad
International
Österreichische Systematik der Wissenschaftszweige (ÖFOS)