New firm survival: the interdependence between regional externalities and innovativeness

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Abstract:This paper provides evidence that the effect of agglomeration externalities on survival is moderated by the start-up's innovative behavior. It is shown that localization externalities are prevalent particularly in non-high-tech environments and unfold a positive influence on survival for less innovative companies, while their highly innovative counterparts do not benefit or even suffer from spatial concentration. On the contrary, highly innovative high-tech start-ups benefit from a diverse economic structure which enhances their likelihood for survival by fostering the emergence of beneficial inter-industry spill-overs.

New Venture Survival: A Review and Extension

“…Ebert et al . 2019; Strotmann 2007). Another method that has been increasingly applied in more recent studies is piecewise hazard modelling (e.g.…”

“…2008; Cheng 2015; Delmar and Shane 2004; Ebert et al . 2019; Eftekhari and Bogers 2015; Gimeno et al . 1997; Stenholm and Renko 2016), most of them included ventures between zero and 10 years old (e.g.…”

“…Ebert et al . 2019; Segarra and Callejón 2002). These mixed findings recall Audretsch's (1995) observations that the ambiguity of an innovative environment could be both a barrier to survival (e.g.…”

Regional Level Social Capital and Business Survival Rates

“…Most studies on business survival rates focus on documenting trends over time, as well as by geography and industry (Phillips and Kirchhoff, 1989;Buss and Lin, 1990;Forsyth, 2005;Deller andConroy, 2016, 2017), the influence of the individual characteristics of the entrepreneur and firm, as embodied in Pena (2002) and Hormiga et al (2011a,b), or human, and structural or organizational capital (Reynolds, 1987;Brüderl et al, 1992;Boden Jr and Nucci, 2000;Pena, 2002;Bosma et al, 2004;Esteve-Pérez and Mañez-Castillejo, 2008;Backman et al, 2016). There are few studies that explore the role of the larger community or regional factors outside the control of the firm, including overall growth patterns and unemployment rates, in helping understand business survival (Campbell, 1998;Acs et al, 2007;Strotmann, 2007;Box, 2008;Renski, 2008Renski, , 2011Bosma and Schutjens, 2011;Huggins and Thompson, 2015;Deller and Conroy, 2017;Huggins et al, 2017;Ebert et al, 2019). While these latter studies include community characteristics, none examine the role of community level social capital on survival rates.…”

What makes new firms resilient? A spatial analysis for Romania

“…Resilient regions are able to retain a higher level of entrepreneurial activity in times of crisis, when the capacity of new firms to survive and thrive is severely put to the test, requiring both internal efforts and external support to absorb the shocks and to overcome inherent adversities brought about by the crisis. Given that new firms' survival varies not only by size and sector of activity, but also by region, the spatial perspective should be approached more often in the empirical research, as the existing literature is quite scarce (Brixy & Grotz, 2007;Ebert, Brenner, & Brixy, 2018;Littunen, 2000).…”