IDEAS home Printed from https://ideas.repec.org/a/ibn/ijefaa/v15y2023i6p75.html
   My bibliography  Save this article

Sustainable Start-Up Ecosystems in Terms of Capital Investment and Other Business Opportunities for Corporate Involvement – A Comparative Analysis of Hong Kong and Shenzhen

Author

Listed:
  • Sandi Vrabec
  • KriÅ¡tof Zorko
  • Vito Bobek

Abstract

Start-ups play one of the most significant roles in global economic development. The business environment or the business ecosystem is well-known in entrepreneurship. A start-up’s success level is positively correlated with the environment in which it operates. One of the supporting factors in the start-up ecosystems is corporations, which try to connect with start-up companies using corporate acceleration programs. Another one is a higher engagement of educational institutions within the start-up environment. The study is a comparative analysis of start-up ecosystems in Shenzhen and Hong Kong from a corporate initiative perspective. The study applied a triangulated approach, synergizing primary data from interviews with relevant start-up ecosystem stakeholders and secondary data to further examine and support the initial findings. The results identified and compared the development levels of the Hong Kong and Shenzhen start-up ecosystems and were sufficient to create recommendations and best practices for start-ups and corporates interested in the respective areas. The findings suggest that Shenzhen’s start-up ecosystem is more attractive for corporations than Hong Kong’s within the context of innovation, technology, and talent. Hong Kong will first maintain its role as a business hub and as an international asset management center and, secondly, promote the development of technologies and innovation to increase its global competitiveness. The Outline Plan positions Shenzhen as a leading innovation hub within the broader area aiming to increase the city’s level of internationalization.

Suggested Citation

  • Sandi Vrabec & KriÅ¡tof Zorko & Vito Bobek, 2023. "Sustainable Start-Up Ecosystems in Terms of Capital Investment and Other Business Opportunities for Corporate Involvement – A Comparative Analysis of Hong Kong and Shenzhen," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 15(6), pages 1-75, June.
    • Handle: RePEc:ibn:ijefaa:v:15:y:2023:i:6:p:75
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ijef/article/download/0/0/48868/52658
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ijef/article/view/0/48868
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Davidsson, Per, 2015. "Entrepreneurial opportunities and the entrepreneurship nexus: A re-conceptualization," Journal of Business Venturing, Elsevier, vol. 30(5), pages 674-695.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mahto, Raj V. & Belousova, Olga & Ahluwalia, Saurabh, 2020. "Abundance – A new window on how disruptive innovation occurs," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    2. Sergeeva, Anastasia & Bhardwaj, Akhil & Dimov, Dimo, 2021. "In the heat of the game: Analogical abduction in a pragmatist account of entrepreneurial reasoning," Journal of Business Venturing, Elsevier, vol. 36(6).
    3. Muñoz, Pablo & Cohen, Boyd, 2017. "Towards a social-ecological understanding of sustainable venturing," Journal of Business Venturing Insights, Elsevier, vol. 7(C), pages 1-8.
    4. Rajah, Nasir & Bamiatzi, Vassiliki & Williams, Nick, 2021. "How childhood ADHD-like symptoms predict selection into entrepreneurship and implications on entrepreneurial performance," Journal of Business Venturing, Elsevier, vol. 36(3).
    5. Susan Müller & Alyssa Lara Kirst & Heiko Bergmann & Barbara Bird, 2023. "Entrepreneurs’ actions and venture success: a structured literature review and suggestions for future research," Small Business Economics, Springer, vol. 60(1), pages 199-226, January.
    6. Per Davidsson, 2023. "Making contributions: personal reflections from the co-creative evolution of entrepreneurship research," Small Business Economics, Springer, vol. 61(4), pages 1391-1410, December.
    7. Jiyoung Kimjeon & Per Davidsson, 2022. "External Enablers of Entrepreneurship: A Review and Agenda for Accumulation of Strategically Actionable Knowledge," Entrepreneurship Theory and Practice, , vol. 46(3), pages 643-687, May.
    8. Ramoglou, Stratos & Tsang, Eric W.K., 2017. "Accepting the unknowables of entrepreneurship and overcoming philosophical obstacles to scientific progress," Journal of Business Venturing Insights, Elsevier, vol. 8(C), pages 71-77.
    9. Zhongming Wang & Yixuan Shao, 2022. "Decide to Take Entrepreneurial Action: Role of Entrepreneurial Cognitive Schema on Cognitive Process of Exploiting Entrepreneurial Opportunity," Sustainability, MDPI, vol. 14(8), pages 1-20, April.
    10. Richard J. Arend, 2020. "Getting Nothing from Something: Unfulfilled Promises of Current Dominant Approaches to Entrepreneurial Decision-Making," Administrative Sciences, MDPI, vol. 10(3), pages 1-22, August.
    11. Lanivich, Stephen E. & Smith, Adam & Levasseur, Ludvig & Pidduck, Robert J. & Busenitz, Lowell & Tang, Jintong, 2022. "Advancing entrepreneurial alertness: Review, synthesis, and future research directions," Journal of Business Research, Elsevier, vol. 139(C), pages 1165-1176.
    12. Jean-Marie Nkongolo-Bakenda & Elie V. Chrysostome, 2020. "Exploring the organizing and strategic factors of diasporic transnational entrepreneurs in Canada: An empirical study," Journal of International Entrepreneurship, Springer, vol. 18(3), pages 336-372, September.
    13. Ramoglou, Stratos & Gartner, William B. & Tsang, Eric W.K., 2020. "“Who is an entrepreneur?” is (still) the wrong question," Journal of Business Venturing Insights, Elsevier, vol. 13(C).
    14. Daniel L. Bennett, 2021. "Local economic freedom and creative destruction in America," Small Business Economics, Springer, vol. 56(1), pages 333-353, January.
    15. Yongbo Sun & Shuang Du & Yixin Ding, 2020. "The Relationship between Slack Resources, Resource Bricolage, and Entrepreneurial Opportunity Identification—Based on Resource Opportunity Perspective," Sustainability, MDPI, vol. 12(3), pages 1-25, February.
    16. M. Beaulieu & P. Lehoux, 2019. "The emergence of health technology organizations among institutional healthcare and economic actors," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1115-1151, December.
    17. Per Davidsson & Jan Henrik Gruenhagen, 2021. "Fulfilling the Process Promise: A Review and Agenda for New Venture Creation Process Research," Entrepreneurship Theory and Practice, , vol. 45(5), pages 1083-1118, September.
    18. Franz Huber & Alan Ponce & Francesco Rentocchini & Thomas Wainwright, 2020. "The Wealth of (Open Data) Nations? Examining the interplay of open government data and country-level institutions for entrepreneurial activity at the country-level," SEEDS Working Papers 1120, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Nov 2020.
    19. Dorian Boumedjaoud & Karim Messeghem, 2019. "Opportunity recognition by SME buyer: an approach by prototype [Identification des opportunités par le repreneur de PME : une approche par les prototypes]," Post-Print hal-02422937, HAL.
    20. Per Davidsson, 2023. "Ditching Discovery-Creation for Unified Venture Creation Research," Entrepreneurship Theory and Practice, , vol. 47(2), pages 594-612, March.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijefaa:v:15:y:2023:i:6:p:75. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.