Community Matters: Successful Entrepreneurship in Remote Rural US Locations

Besser, Terry L.; Miller, Nancy J.

doi:10.5367/ijei.2013.0104

Cited by 42 publications

(29 citation statements)

References 66 publications

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“…This can make efforts to boost networking, internationalisation and the provision of relevant infrastructure key in overcoming the problems imposed by a region's peripheral nature (Arbuthnott and von Friedrichs 2013;Besser and Miller, 2013). On the order hand, it should also be acknowledged that rural areas even in peripheral regions often have a strong tradition of small business ownership (Keeble and Tyler 1995;Warren-Smith and Jackson 2004;North and Smallbone 2006;Brooksbank, Thompson, and Williams 2008).…”

Section: Entrepreneurship and Survival In The Peripherymentioning

confidence: 99%

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Huggins

Prokop

Thompson

2017

Entrepreneurship & Regional Development

116

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Despite a growing body of research on firm survival, little is known about the factors impacting upon survival rates at a micro-spatial level. This study, therefore, analyses firm survival across local environments in the context of a peripheral region; namely, the case of Wales in the UK. It examines how theories relating to human capital, growth motivation and locational conditions may explain survival within a region. Drawing on data of survival patterns for a cohort of firms, it is found that each of the three theories at least partly explain firm survival, with it being clear that human capital relating to the experience of entrepreneurs, as well as the growth motivation of their firms resulting from the strategic choices they make, impact upon rates of survival. It is also found that the local environment contributes to the likelihood of its survival. In particular, it is found that locational factors have a potential influence on the human capital allocated to enterprise, as well as how this capital is utilised via growth motivation. This suggests that not only do locational factors contribute to differing rates of entrepreneurship, but that such factors also impact on the durability of firms over time. Abstract Despite a growing body of research on firm survival, little is known about the factors impacting upon survival rates at a micro-spatial level. This study, therefore, analyses firm survival across local environments in the context of a peripheral region; namely, the case of Wales in the UK. It examines how theories relating to human capital, growth motivation and locational conditions may explain survival within a region. Drawing on data of survival patterns for a cohort of firms, it is found that each of the three theories at least partly explain firm survival, with it being clear that human capital relating to the experience of entrepreneurs, as well as the growth motivation of their firms resulting from the strategic choices they make, impact upon rates of survival. It is also found that the local environment contributes to the likelihood of its survival. In particular, it is found that locational factors have a potential influence on the human capital allocated to enterprise, as well as how this capital is utilised via growth motivation. This suggests that not only do locational factors contribute to differing rates of entrepreneurship, but that such factors also impact on the durability of firms over time.

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Section: Entrepreneurship and Survival In The Peripherymentioning

confidence: 99%

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Huggins

Prokop

Thompson

2017

Entrepreneurship & Regional Development

116

View full text Add to dashboard Cite

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“…Community well‐being in rural sociology is a function of the many forms of capital available to communities (Flora and Flora ). Much of the past research has focused mostly on political and social capital (Besser and Miller 2013a, 2013b; Coffè ; Tolbert et al ; Tolbert, Lyson, and Irwin ). Data on financing business operations in nonmetropolitan economies have not been publicly available because of disclosure issues.…”

Section: Discussionmentioning

confidence: 99%

“…Research on banking and finance is critical to understanding the effects of global and national processes on nonmetropolitan communities. The community capitals framework (Flora and Flora ) has generated a significant volume of research on the impact of many of the various forms of community capital, such as the built environment, local amenities, and social capital (see Agnitsch, Flora, and Ryan ; Besser and Miller ,; Besser, Miller, and Malik ; Coffè ; Freitag ; Lyson and Tolbert ; Portes ; Tolbert et al ). While other social scientists have been concerned that the consolidation of banking in the United States would harm nonmetropolitan economies, sociologists have not done as much research on this form of capital.…”

Section: Literature Reviewmentioning

confidence: 99%

Community Banks and Loans for Nonmetropolitan Businesses: A Multilevel Analysis from the 2007 Survey of Business Owners

Mencken

Tolbert

2017

Rural Sociology

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Access to financial capital is vital for the sustainability of the local business sector in nonmetropolitan communities. In this article we develop two hypotheses and examine the impact of financial sector restructuring on the odds of using a bank loan to finance a new business or expand an existing business. Focusing on nonmetropolitan American businesses, we connect restricted tabulations of the 2007 Survey of Business Owners to data on the commuting zones (CZ) in which businesses are located. We use multilevel logistic regression models to predict the effects of community bank presence within the CZ on the odds of using a bank business loan to start or expand a business for nonmetropolitan businesses started or purchased since 2000. Net of important characteristics of the businesses and owners, we find that the greater the proportion of local banks in a nonmetropolitan CZ, the greater the odds that a conventional business loan was used to either help start a new business or expand an existing business.

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“…The exploitation of business networks might create additional entrepreneurial opportunities through co-developments and spillovers. Similar studies focusing on the link between social capital and entrepreneurs' successes and the rural communities' development have also been completed by Besser and Miller (2013) and Poon, Thai, and Naybor (2012).…”

Section: Introductionmentioning

confidence: 91%

Metropolitan Spillover Effects and Economic Growth of Non-Metropolitan Areas: Evidence from Indiana Counties

Zhong¹

2016

IJRD

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This paper examines the importance of metropolitan spillover effects on the economic growth of non-metropolitan counties in the state of Indiana by using panel data from 2003 to 2013. I hypothesize that metro economic size and non-metro counties' locations, along with other metro social and economic factors, will have significant impact on non-metro counties' economic growth. Based on the results from the Random-effects Generalized Least Squares (GLS) and the population-averaged Generalized Estimating Equations (GEE) regressions, metro GDP and population have significant, positive impacts on non-metro counties' economic growth, while non-metro counties' locations (i.e., the distance to a metro county), metro K-12 school enrollment, the wage gap and the number of commuters between metro and non-metro areas have significant, negative effects on the economic growth of non-metro counties in Indiana. Some of the dummy variables also showed significant association with the non-metro counties' economic well-being.

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Community Matters: Successful Entrepreneurship in Remote Rural US Locations

Cited by 42 publications

References 66 publications

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Community Banks and Loans for Nonmetropolitan Businesses: A Multilevel Analysis from the 2007 Survey of Business Owners

Metropolitan Spillover Effects and Economic Growth of Non-Metropolitan Areas: Evidence from Indiana Counties

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