The distinctiveness and diversity of entrepreneurial ecosystems in China, Japan, and South Korea: an exploratory analysis

Martin Hemmert; Adam R. Cross; Ying Cheng; Jae Jin Kim; Florian Kohlbacher; Masahiro Kotosaka; Franz Waldenberger; Leven J. Zheng

doi:10.1057/s41291-019-00070-6

The distinctiveness and diversity of entrepreneurial ecosystems in China, Japan, and South Korea: an exploratory analysis

Martin Hemmert, Adam R. Cross, Ying Cheng, Jae Jin Kim, Florian Kohlbacher, Masahiro Kotosaka, Franz Waldenberger, Leven J. Zheng

Faculty of Policy Management

Research output: Contribution to journal › Article › peer-review

33 Citations (Scopus)

Abstract

Entrepreneurial ecosystems at the regional level have been intensively studied in Western countries, but much less so in East Asia. We study five major ecosystems located in Tokyo, Seoul, Beijing, Suzhou, and Chongqing, focusing on the business conditions for information technology (IT) start-ups. Our domain analysis reveals that these entrepreneurial ecosystems differ in various important aspects from leading Western counterparts such as Silicon Valley. Furthermore, we find differences in the growth and internationalization of firms across entrepreneurial ecosystems in China, Japan, and South Korea. Public policy should focus on supporting high-potential start-ups and strengthening the ecosystems’ global outreach.

Original language	English
Pages (from-to)	211-247
Number of pages	37
Journal	Asian Business and Management
Volume	18
Issue number	3
DOIs	https://doi.org/10.1057/s41291-019-00070-6
Publication status	Published - 2019 Jul 1

Keywords

China
Domain analysis
Entrepreneurial ecosystems
IT start-ups
Japan
South Korea

ASJC Scopus subject areas

Business and International Management
Sociology and Political Science
Political Science and International Relations
Strategy and Management

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10.1057/s41291-019-00070-6

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abstract = "Entrepreneurial ecosystems at the regional level have been intensively studied in Western countries, but much less so in East Asia. We study five major ecosystems located in Tokyo, Seoul, Beijing, Suzhou, and Chongqing, focusing on the business conditions for information technology (IT) start-ups. Our domain analysis reveals that these entrepreneurial ecosystems differ in various important aspects from leading Western counterparts such as Silicon Valley. Furthermore, we find differences in the growth and internationalization of firms across entrepreneurial ecosystems in China, Japan, and South Korea. Public policy should focus on supporting high-potential start-ups and strengthening the ecosystems{\textquoteright} global outreach.",

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AU - Cross, Adam R.

AU - Cheng, Ying

AU - Kim, Jae Jin

AU - Kohlbacher, Florian

AU - Kotosaka, Masahiro

AU - Waldenberger, Franz

AU - Zheng, Leven J.

N1 - Funding Information: In all three countries, national policy programs include financial support policies for start-ups and other policies aimed at improving their business environment. Financial support policies consist of direct funding and loan support programs for start-ups and indirect funding support by the augmentation of “fund-of-funds” for venture capital investment. Other support policies include a wide variety of measures, such as education and information-sharing programs, the organization of entrepreneurship and networking-related events, support for the creation of incubators, and reforms that eliminate legal obstacles and regulatory uncertainties. Publisher Copyright: © 2019, Springer Nature Limited.

PY - 2019/7/1

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AB - Entrepreneurial ecosystems at the regional level have been intensively studied in Western countries, but much less so in East Asia. We study five major ecosystems located in Tokyo, Seoul, Beijing, Suzhou, and Chongqing, focusing on the business conditions for information technology (IT) start-ups. Our domain analysis reveals that these entrepreneurial ecosystems differ in various important aspects from leading Western counterparts such as Silicon Valley. Furthermore, we find differences in the growth and internationalization of firms across entrepreneurial ecosystems in China, Japan, and South Korea. Public policy should focus on supporting high-potential start-ups and strengthening the ecosystems’ global outreach.

KW - China

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KW - IT start-ups

KW - Japan

KW - South Korea

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The distinctiveness and diversity of entrepreneurial ecosystems in China, Japan, and South Korea: an exploratory analysis

Abstract

Keywords

ASJC Scopus subject areas

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