Business Excellence, Vol. 15 No. 2, 2021.
Original scientific paper
https://doi.org/10.22598/pi-be/2021.15.2.23
THE IMPACT OF SELECTED SERVICES OF CROATIAN BUSINESS INCUBATORS ON THEIR PERFORMANCE
Bojan Morić Milovanović
orcid.org/0000-0001-7676-6983
; Institut za javne financije, Zagreb, Hrvatska
Željka Tutić
orcid.org/0000-0002-5122-3074
; Ministarstvo financija, Zagreb, Hrvatska
Abstract
Business incubators are business support institutions that aim to provide support
to small and medium-sized enterprises, especially to start-ups. Most often they are formed
as the result of the initiatives at the local and regional level, and established as companies
which are owned by the local and regional government bodies. Given the prevalence of
incubators and their role in economic development, it is important to investigate the
performance of incubators in performing their tasks and whether they meet the main
objectives for which they were initially established. Business incubators offer various
services to their tenant companies, such as: subsidized rent for office space, business
consulting services, networking services, and facilitating access to funding sources,
where it has been determined that these services are positively related to the performance
of the business incubators. Therefore, the aim of this paper is to evaluate the impact of
selected services on the performance of business incubators in the Republic of Croatia
by using multiple hierarchical regression analysis and Spearman's rank correlation
coefficient. The results confirm the positive correlation for most of the services with
performance, however, only financial services and networking services have a direct
positive effect on the performance.
Keywords
business incubator; business support institutions; start-up entrepreneurs; incubator services; performance
Hrčak ID:
266885
URI
Publication date:
10.12.2021.
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