Studies have consistently found that entrepreneurs who enter industries in which they have prior experience as employees perform better than others. We nevertheless know relatively little about what accounts for these differences. The presumed explanation has generally been that these...

Employment is often the primary motivation behind entrepreneurial and industrial policy. But new firms are known to differ greatly in performance. Not every new firm survives and even fewer achieve high growth rates. It is well established that spin-offs – firms founded by employees from...

The literature on regional clusters has increased considerably during the last decade. The emergence and growth patterns are usually explained by such factors as unique local culture, regional capabilities, tacit knowledge or the existence of location-specific externalities (knowledge...