Do local start-ups and knowledge spillovers matter for firm-level R&D investment?

Autor:	Frank Crowley, Declan Jordan
Rok vydání:	2021
Předmět:	Urban Studies Labour economics 0502 economics and business 05 social sciences 0211 other engineering and technologies Economics 021107 urban & regional planning 02 engineering and technology Environmental Science (miscellaneous) Investment (macroeconomics) Start up 050203 business & management
Zdroj:	Urban Studies. 59:1085-1102
ISSN:	1360-063X 0042-0980
Popis:	What happens to firm-level research and development (R&D) when urban locations have more knowledge spillovers and are more entrepreneurial? This article explores the potential tension between knowledge spillovers, start-ups and innovation effort in existing firms. The relationship is empirically tested using Swedish firm-level data and municipality-level data on start-ups. The results indicate that having more start-ups in urban municipalities is associated with lower firm-level R&D expenditure. However, this relationship is not linear, where the negative association between the level of new firm formation and firm-level R&D expenditure decreases with scale. This suggests that the relationship between local entrepreneurship and a business’ R&D decisions is conditioned by the extent of that entrepreneurship.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::53409d0e65f33802714e85c9ced6b1b0 https://doi.org/10.1177/0042098021995105 Zobrazit plný text záznamu