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 language | English |
|---|---|
| Pages (from-to) | 423-445 |
| Number of pages | 23 |
| Journal | Entrepreneurship and Regional Development |
| Volume | 25 |
| Issue number | 5-6 |
| DOIs | |
| Publication status | Published - 1 Jun 2013 |
| Externally published | Yes |
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Keywords
- arbitrage opportunities
- individual-opportunity nexus
- tax rates
- venture migration
ASJC Scopus subject areas
- Business and International Management
- Economics and Econometrics
Cite this
Venture migration : A quest for a low-hanging fruit? / Anokhin, Sergey.
In: Entrepreneurship and Regional Development, Vol. 25, No. 5-6, 01.06.2013, p. 423-445.Research output: Contribution to journal › Article
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TY - JOUR
T1 - Venture migration
T2 - A quest for a low-hanging fruit?
AU - Anokhin, Sergey
PY - 2013/6/1
Y1 - 2013/6/1
N2 - 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.
AB - 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.
KW - arbitrage opportunities
KW - individual-opportunity nexus
KW - tax rates
KW - venture migration
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U2 - 10.1080/08985626.2012.758316
DO - 10.1080/08985626.2012.758316
M3 - Article
VL - 25
SP - 423
EP - 445
JO - Entrepreneurship and Regional Development
JF - Entrepreneurship and Regional Development
SN - 0898-5626
IS - 5-6
ER -