Determinants of early performance of new technology-based firms supported by government: Turkish case

Turan, Damla
This master’s thesis aims to analyze the determinants of the early-stage performance of New Technology-Based Firms (NTBFs) supported by the Turkish government and develop policy recommendations in order to enhance the current support mechanisms. The main contribution of this study is that it is the first study to analyze the determinants of the early-stage performance of NTBFs supported by the government in the Turkish context. For this reason, a specific government support program was chosen. 1512 Entrepreneurship Support Program was chosen for analysis since it contained more support mechanisms than other techno-entrepreneurship support programs in Turkey. In order to analyze the determinants of the early-stage performance of NTBFs, data were collected from three sources: the TUBITAK Database, surveys and in-depth interviews. The data obtained were analyzed by means of both quantitative and qualitative analysis methodologies. The data collected from the TUBITAK Database and surveys were analyzed quantitatively using Probit with Sample Selection Models. In terms of qualitative analysis, the data collected by means of in-depth interviews were used to verify the results of the quantitative analysis. The analysis results show that level of education, full-time dedication, prior experiences and characteristic features of techno-entrepreneurs, the area of technology of the business idea and teamwork existence are the determinants of the early-stage performance of NTBFs. Age and gender of the techno-entrepreneur, firm strategy and external factors, such as business mentors, independent auditors and venture capitalists are found to have a lower impact on the performance of NTBFs.


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Citation Formats
D. Turan, “Determinants of early performance of new technology-based firms supported by government: Turkish case,” M.S. - Master of Science, Middle East Technical University, 2016.