The Entrepreneurial Event Revisited: Firm Formation in a Regional Context

Feldman, Maryann P.

doi:10.1093/icc/10.4.861

“…Although a gradual transition from an emerging cluster to a functioning and growing cluster is possible, during the growth phase of markets, in which the existing companies are well-positioned, the crucial push often stems from isolated events and sudden changes in exogenous factors like alterations in the leading companies' organisational structures (LONGHI, 1999;FELDMAN, 2001) or a change in the technological framework (DALUM et al, 2005). Other insights are given by studies with a micro-oriented perspective.…”

Section: Jena Economic Research Papers 2007-076mentioning

confidence: 99%

“…For a cluster in Washington D.C., FELDMAN (2001) demonstrates that its development was not initiated by venture capital or other means of support that gained importance later in its development. In addition to this, the regional universities have only offered cluster-related teaching curricula after the emergence of the cluster in the region.…”

Section: Prevezer (1998) Describes How An Incubator Was Set Up For Thmentioning

confidence: 99%

Cluster Life Cycles - Dimensions and Rationales of Cluster Development

Menzel

¹

,

Fornahl

²

,

Planck³

2007

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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 AbstractWe present a model that explains how a cluster moves through a life cycle and why this movement differs from the industry life cycle. The model is based on three key processes: the changing heterogeneity in the cluster describes the movement of the cluster through the life cycle; the geographical absorptive capacity enables clustered companies to take advantage of a larger diversity of knowledge and the stronger convergence of clustered companies compared to non-clustered companies results in a reduction of heterogeneity. We apply these processes to four stages of the cluster life cycle: emergence, growth, sustainment and decline.JEL-classification: R11, O30, L25

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“…For example, the present research makes an important contribution to entrepreneurship research by taking a socioecological personality perspective that enriches existing knowledge on factors that might affect entrepreneurial vitality at the regional level. In economics, entrepreneurship is often referred to as a "regional event" (Feldman, 2001) but we know too little about the role of the regional personality make-up as a possible crucial ingredient in this regional event (Sternberg, 2009). …”

mentioning

confidence: 99%

The regional distribution and correlates of an entrepreneurship-prone personality profile in the United States, Germany, and the United Kingdom: A socioecological perspective.

Obschonka

¹

,

Schmitt-Rodermund

²

,

Silbereisen

³

et al. 2013

Journal of Personality and Social Psychology

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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 SOEPpapers on Multidisciplinary Panel Data Research at DIW BerlinThis series presents research findings based either directly on data from the German SocioEconomic Panel Study (SOEP) or using SOEP data as part of an internationally comparable data set (e.g. CNEF, ECHP, LIS, LWS, CHER/PACO). SOEP is a truly multidisciplinary household panel study covering a wide range of social and behavioral sciences: economics, sociology, psychology, survey methodology, econometrics and applied statistics, educational science, political science, public health, behavioral genetics, demography, geography, and sport science.The decision to publish a submission in SOEPpapers is made by a board of editors chosen by the DIW Berlin to represent the wide range of disciplines covered by SOEP. There is no external referee process and papers are either accepted or rejected without revision. Papers appear in this series as works in progress and may also appear elsewhere. They often represent preliminary studies and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be requested from the author directly.Any opinions expressed in this series are those of the author(s) and not those of DIW Berlin.Research disseminated by DIW Berlin may include views on public policy issues, but the institute itself takes no institutional policy positions.The SOEPpapers are available at

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“…In recent years the fields of entrepreneurship studies, economic geography, urban economics, and the economics of entrepreneurship have moved closer to each other through research on the context of entrepreneurship (Ucbasaran et al, 2001;Welter, 2011;Zahra et al, 2014;Autio et al, 2014), the growing recognition that not all types of entrepreneurship are equally important for economic growth (Henrekson & Sanandaji ,2014;Stam et al, 2009;Wong et al, 2005), and the increasing interest in the entrepreneurial actor within urban and regional economics (Acs & Armington, 2004;Feldman, 2001;Glaeser et al, 2010). These developments have culminated in an emerging entrepreneurial ecosystem approach that explicitly focuses on how urban and regional contexts affect ambitious entrepreneurship.…”

Section: Introductionmentioning

confidence: 99%

Entrepreneurial Ecosystems

Lassalle

¹

,

Johnston

²

2018

International Studies in Entrepreneurship

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This paper reviews and discusses the emergent entrepreneurial ecosystem approach. Entrepreneurial ecosystems are defined as a set of interdependent actors and factors coordinated in such a way that they enable productive entrepreneurship within a particular territory. The purpose of this paper is to critically investigate the emerging literature on entrepreneurial ecosystems. Current work on ecosystems is underdeveloped, focusing more on superficial generalizations based on successful case studies such as Silicon Valley or Boulder, Colorado rather than on rigorous social science research. The paper provides a review of the multiple definitions of ecosystems found within the literature, and discusses the relationships between ecosystems and allied concepts such as industrial districts, clusters, and innovation systems. The paper concludes by discussing an integrative model that connects the functional attributes of entrepreneurial ecosystems (including framework conditions and systemic conditions) with entrepreneurial outputs and welfare outcomes. The framework conditions consist of the social (informal and formal institutions) and physical conditions enabling or constraining human interaction. Systemic conditions are the heart of the ecosystem and include networks of entrepreneurs, leadership, finance, talent, knowledge, and support services.

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The Entrepreneurial Event Revisited: Firm Formation in a Regional Context

Cited by 629 publications

References 35 publications

Cluster Life Cycles - Dimensions and Rationales of Cluster Development

Cluster Life Cycles - Dimensions and Rationales of Cluster Development

The regional distribution and correlates of an entrepreneurship-prone personality profile in the United States, Germany, and the United Kingdom: A socioecological perspective.

Entrepreneurial Ecosystems

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