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Lee, In Hyeock and Hong, Eunsuk and Sun, Laixiang (2013) 'Regional Knowledge Production and Entrepreneurial Firm Creation: Spatial Dynamic Analyses.' Journal of Business Research, 66 (10). pp. 2106-2115.

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Abstract

This study assesses whether and to what extent new knowledge available in a region and its surrounding regions induces and facilitates new firm creation, an important topic that is largely left untested in the literature. Using a full population firm-level dataset of 44,434 newly created entrepreneurial firms in the manufacturing sector in 234 regions of South Korea between 2000 and 2004, its econometric estimations indicate a positive externality effect of new knowledge production on activities of new firm creation within and across the regional boundaries, with the intra-regional effect being stronger than the inter-regional one. The estimations also show that both the intra- and inter-regional effects are stronger in high-tech industries than in low-tech industries.

Item Type: Journal Article
Keywords: Regional innovation capacity; Entrepreneurship; Firm creation; Knowledge spillovers; System GMM
SOAS Departments & Centres: Departments and Subunits > School of Finance & Management
Legacy Departments > Faculty of Law and Social Sciences > School of Finance and Management
ISSN: 01482963
DOI (Digital Object Identifier): https://doi.org/10.1016/j.jbusres.2013.02.037
Date Deposited: 02 Jan 2013 11:24
URI: http://eprints.soas.ac.uk/id/eprint/14735

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