Spinoffs or startups? The effects of spatial agglomeration

Autor:	Andrea Furlan, Giulio Cainelli
Rok vydání:	2020
Předmět:	Economics and Econometrics Economies of agglomeration 0502 economics and business 05 social sciences Business Economic geography 050207 economics 050203 business & management
Zdroj:	Industrial and Corporate Change. 29:1451-1470
ISSN:	1464-3650 0960-6491
DOI:	10.1093/icc/dtaa022
Popis:	Despite the fact that spinoffs and geographical clustering are highly intertwined phenomena, to date no study analyzes how spatial agglomerations forces might affect the emergence of spinoffs relative to other startups. Using a sample of 3456 Italian manufacturing new ventures founded in the period 2005–2007, we investigate the effects of different forms of agglomeration forces on the likelihood of a new venture emerging as a spinoff rather than a startup. Our results show that industry-specific localization economies (captured by industrial district dummy and the number of incumbents at local level) tend to increase the chances of a new venture to emerge as a spinoff. Moreover, local-related variety has a positive and significant effect on the likelihood of a new venture to emerge as a spinoff, especially for those spinoffs from successful parents.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ece1e4db7eaf35a5cf190cff4cf6c0b1 https://doi.org/10.1093/icc/dtaa022 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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