Venture migration: A quest for a low-hanging fruit?

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

Venture migration, in addition to firm entry and exit, affects business stock in a region. This study draws on mainstream entrepreneurship and economic geography literatures to explore the factors explaining net venture migration. Using a data-set on 88 Ohio counties during 2000-2006, it suggests that venture migration is largely a quest for a low-hanging fruit. Relocating firms are drawn to areas with higher sales tax rates that give them access to interest-free financing, higher unemployment rates and better-qualified workforce as well as ample arbitrage opportunities. At the same time, innovative opportunities do not attract migrating ventures.

Original languageEnglish
Pages (from-to)423-445
Number of pages23
JournalEntrepreneurship and Regional Development
Volume25
Issue number5-6
DOIs
Publication statusPublished - 1 Jun 2013
Externally publishedYes

Keywords

  • arbitrage opportunities
  • individual-opportunity nexus
  • tax rates
  • venture migration

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

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