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

Anokhin, Sergey; Chistyakova, Natalia; Antonova, Irina; Spitsina, Lyubov; Wincent, Joakim; Parida, Vinit (2021-01-23)
 
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https://doi.org/10.1080/08985626.2021.1872942

Anokhin, Sergey
Chistyakova, Natalia
Antonova, Irina
Spitsina, Lyubov
Wincent, Joakim
Parida, Vinit
Taylor & Francis
23.01.2021
doi:10.1080/08985626.2021.1872942
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https://urn.fi/URN:NBN:fi-fe202102083977

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© 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
Tiivistelmä
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.
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