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2021 (English)In: Entrepreneurship and Regional Development, ISSN 0898-5626, E-ISSN 1464-5114, Vol. 33, no 3-4, p. 353-367Article in journal (Refereed) Published
Abstract [en]
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.
Place, publisher, year, edition, pages
Taylor & Francis, 2021
Keywords
Flagship enterprises, entrepreneurial clusters, knowledge spillover theory of entrepreneurship, business entry rates
National Category
Business Administration
Research subject
Entrepreneurship and Innovation
Identifiers
urn:nbn:se:ltu:diva-82734 (URN)10.1080/08985626.2021.1872942 (DOI)000611619200001 ()2-s2.0-85099863362 (Scopus ID)
Note
Validerad;2021;Nivå 2;2021-06-09 (johcin);
Finansiär: Russian Foundation for Basic Research (RFBR) (18-010-01123), Tomsk Polytechnic University CE Program.
2021-02-012021-02-012021-06-09Bibliographically approved