创业孵化机构作为助力初创企业成长、促进科技成果转化的服务平台，其资源与在孵企业绩效之间的关系值得深入研究。针对相关研究缺乏全国视域、资源类型视角以及基于官方数据分析的现状，采用《中国创业孵化发展报告》中2016至2019年中国31个省区市和新疆生产建设兵团创业孵化机构数据，从资源基础理论视角出发，运用改进熵值法与灰色关联度分析法，探讨孵化机构物质资本、人力资本和组织资本三大类资源对在孵企业绩效的影响作用。结果发现3类孵化机构资源均对在孵企业绩效产生显著的正向影响，其中物质资本资源的影响最为显著，其次为组织资本资源。根据研究结论，为中国创业孵化机构的建设与发展，从孵化机构场地面积、人力资本资源、打造国家级孵化机构和营造创新氛围等方面给出具体建议。

The incubation institution is a service platform to help the growth of start-ups and promote the transformation of scientific and technological achievements. The relationship between incubation institution resources and the performance of incubated enterprises is worthy of further study. In view of the lack of national perspective, resource type perspective and analysis based on official data in current relevant research, this paper uses the data of incubation institutions in 31 provinces, autonomous regions and municipalities, and Xinjiang Production and Construction Corps from 2016 to 2019 in China Entrepreneurship Incubation Development Report, and from the perspective of resource-based theory, uses the improved entropy method and gray correlation analysis method to discuss the influence of the three types of incubation institution resources including physical capital, human capital and organizational capital on the performance of incubated enterprises. The study finds that all three types of incubation institution resources have significant positive impacts on the performance of incubated enterprises, among which physical capital resources have the most significant impact, followed by organizational capital resources. According to the research conclusions, specific suggestions are given for the construction and development of China's entrepreneurship incubation from the aspects of the area of incubation institutions, human capital resources, building national incubation institutions and creating innovative atmosphere.

F061.5；F272；F224；G301

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