关键词: 在孵企业, 毕业, 影响因素, 孵化器, 合作生产, tenants, graduation, determinants , incubator, co-production

Abstract: In order to explore the determinants of new ventures’ successful graduation located on incubator, which have experienced the incubator services, the paper analyzes the determinants of tenants successful graduation the from the perspective of incubation interaction dyad based on co-production theory, and it draws upon longitudinal and fine-grained firm-level data of 132 client ventures incubated on state-level incubators approved by the State Council , China to test the determinants empirically by using survival analysis. The results of this study suggest that entrepreneur-specific human capital(ESHC) is the determinant of tenants’ successful graduation, while under the condition of incubation interaction , the interactive effects of incubator services and certain dimensions of ESHC are determinants of tenants’ successful graduation: the interactive effect of access to financial resources and entrepreneurial experience as well as access to financial resource and entrepreneurial competence, the interactive effect of entrepreneurial start-up support and entrepreneurial experience, and the interactive effect of access to networks and entrepreneurial competence are the determinants of tenants’ successful graduation. It could be concluded that we should take into account the comprehensive effects of entrepreneur’s human capital and incubator services in order to explore the determinants of tenants’ successful graduation.