TY - JOUR
T1 - Flagship enterprises, entrepreneurial clusters, and business entry rates
T2 - insights from the knowledge spillover theory of entrepreneurship
AU - Anokhin, Sergey
AU - Chistyakova, Natalia
AU - Antonova, Irina
AU - Spitsina, Lyubov
AU - Wincent, Joakim
AU - Parida, Vinit
N1 - Publisher Copyright:
© 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.
PY - 2021
Y1 - 2021
N2 - Employing a panel setting of 88 counties in the State of Ohio over the five-year period ending in 2006, this study aims to investigate the applicability of the knowledge spillover theory of entrepreneurship in explaining the relationships between flagship enterprises, entrepreneurial clusters, and business entry rates. The study confirms the overall positive relationship between flagship enterprises and startup rates, and the negative relationship between entrepreneurial clusters and startup rates. It further demonstrates that the effect of clusters is moderated by local unemployment rates so that higher rates of unemployment weaken the negative impact of entrepreneurial clusters on startup rates. Based on the evidence collected, policy makers should increase support for flagship enterprises in their regions, and would-be business owners should consider locating their ventures in proximity to flagship companies.
AB - Employing a panel setting of 88 counties in the State of Ohio over the five-year period ending in 2006, this study aims to investigate the applicability of the knowledge spillover theory of entrepreneurship in explaining the relationships between flagship enterprises, entrepreneurial clusters, and business entry rates. The study confirms the overall positive relationship between flagship enterprises and startup rates, and the negative relationship between entrepreneurial clusters and startup rates. It further demonstrates that the effect of clusters is moderated by local unemployment rates so that higher rates of unemployment weaken the negative impact of entrepreneurial clusters on startup rates. Based on the evidence collected, policy makers should increase support for flagship enterprises in their regions, and would-be business owners should consider locating their ventures in proximity to flagship companies.
KW - business entry rates
KW - entrepreneurial clusters
KW - Flagship enterprises
KW - knowledge spillover theory of entrepreneurship
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U2 - 10.1080/08985626.2021.1872942
DO - 10.1080/08985626.2021.1872942
M3 - Article
AN - SCOPUS:85099863362
JO - Entrepreneurship and Regional Development
JF - Entrepreneurship and Regional Development
SN - 0898-5626
ER -