Flagship enterprises, entrepreneurial clusters, and business entry rates: insights from the knowledge spillover theory of entrepreneurship

Sergey Anokhin, Natalia Chistyakova, Irina Antonova, Lyubov Spitsina, Joakim Wincent, Vinit Parida*

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

1 Citation (Scopus)

Abstract

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.

Original languageEnglish
Peer-reviewed scientific journalEntrepreneurship and Regional Development
Volume33
Issue number3-4
Pages (from-to)353-367
Number of pages15
ISSN0898-5626
DOIs
Publication statusPublished - 23.01.2021
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • business entry rates
  • entrepreneurial clusters
  • flagship enterprises
  • knowledge spillover theory of entrepreneurship

Areas of Strength and Areas of High Potential (AoS and AoHP)

  • AoHP: Strategic and entrepreneurial praxis

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