英文摘要 |
This study attempts to analyze the survival of 4,503 tenants in 130 of Taiwan's incubators and to identify the determinants affecting their risk of failure from 2007 to 2011 by the Cox proportional hazard model. The data reveal that incubators can effectively nurture their tenants to increasing their survival. The empirical results show that a firm's age, the number of its employees and the length of the incubation contract have a significantly positive impact on the survival rate while start-up tenants have also a higher survival rate. In addition, the tenant's market experience, the length of the incubation and the start-up business are key determinants for increasing the tenant's survival in the incubators. Finally, firms with female tenant-owners in the Manufacturing industry sector and firms whose owners have a higher educational level in the Services industry sector have a higher survival rate. |