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 - Funding Information:
The researchers acknowledge financial support from the Russian Foundation for Basic Research (RFBR) under the project No. 18-010-01123 ?Flagship enterprises and regional economic development: Econometric analysis of panel data in Russia and the U.S.? The study of entrepreneurial clusters was carried out with the support of the Tomsk Polytechnic University CE Program.
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 - 2021/1/23
Y1 - 2021/1/23
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 - 512 Business and Management
KW - business entry rates
KW - entrepreneurial clusters
KW - flagship enterprises
KW - knowledge spillover theory of entrepreneurship
UR - http://www.scopus.com/inward/record.url?scp=85099863362&partnerID=8YFLogxK
U2 - 10.1080/08985626.2021.1872942
DO - 10.1080/08985626.2021.1872942
M3 - Article
AN - SCOPUS:85099863362
SN - 0898-5626
VL - 33
SP - 353
EP - 367
JO - Entrepreneurship and Regional Development
JF - Entrepreneurship and Regional Development
IS - 3-4
ER -
