Incubator Empowerment Mechanism of Resolving the Cost Pressures on SMEs’Use of Innovation Policies：A Case Study from the Perspective of Institutional Transaction Costs
TIAN Zhilong，RAO Wenlan，YANG Ling，LI Lianxiang
Huazhong University of Science and Technology, Wuhan, China
Abstract：rom the perspective of institutional transaction costs, this study takes an incubator named Eastern Valley U in Yichang, Hubei Province as a case study to analyze the cost pressure faced by SMEs in the process of using government innovation policies, and reveals the enabling mechanism of incubators to help SMEs resolve the cost pressure. This study finds that: innovation policies impose institutional requirements on SMEs, including policy standardization requirements and policy procedural requirements. The former is derived from the policy appeal of government innovation policies, while the latter is derived from the requirements of policy implementation process and measures to prevent opportunism. SMEs attempting to use government innovation policies need to make standardization input and procedural input to meet institutional requirements, thereby incurring standardization institutional transaction costs and procedural institutional transaction costs. The incubator’s “information-resource-business” enabling mechanism assists incubated enterprises to relieve institutional transaction cost pressure from three aspects: sharing cost pressure, improving investment efficiency and improving the success rate of application, so as to enhance the willingness of incubated enterprises to use innovation policies to carry out innovation behaviors.
田志龙，饶文兰，杨玲，李连翔. 孵化器化解中小企业利用创新政策成本压力的赋能机制——基于制度性交易成本视角的案例研究[J]. 管理学报, 2024, 21(12): 1751-.
TIAN Zhilong，RAO Wenlan，YANG Ling，LI Lianxiang. Incubator Empowerment Mechanism of Resolving the Cost Pressures on SMEs’Use of Innovation Policies：A Case Study from the Perspective of Institutional Transaction Costs. Chinese Journal of Management, 2024, 21(12): 1751-.
