Past research on the effects of agglomeration externalities on regional economic development is inconclusive and has focused mainly on employment growth and innovative output. This paper considers the link between agglomeration externalities and entrepreneurship. It does so by looking at the...

This paper analyzes how different R&D strategies of incumbent firms affect the quantity and quality of their entrepreneurial spawning. By examining entrepreneurial ventures of ex-employees of firms with different R&D strategies three things emerge: First, firms with persistent R&D investments...

Human capital theory suggests that higher education, as a means of capability creation and of ability screening, is positively associated with individuals’ success as entrepreneurs. This paper argues that social capital perspectives, in particular the theory of local embeddedness and team...

The extent and importance of spin-offs for industrial dynamics have been analysed in a number of previous studies, yet knowledge is surprisingly scarce about the determinants that trigger such entrepreneurial ventures. In the current analysis we use unique and detailed Swedish data to...

Based on unique data covering individuals, firms, industries, and regions for the 1999-2005 period, we contribute with new knowledge concerning the impact of regional variables on spin-offs. Implementing a large number of controls, as well as different estimation techniques and robustness tests,...

This paper investigates how universities may affect regional entrepreneurship through the localisation decisions of entrepreneurial alumni. Empirically a comprehensive, individual-level dataset from Sweden for the period 2003-2005 is employed. The results suggest that even when controlling for...

The presence of universities in a region has been found to be an important factor for regional economic growth. In search for the specific explanations of this phenomenon, the connection between universities and locally based entrepreneurship has attracted considerable attention. We investigate...

The presence of universities in a region has been found to be an important factor for regional economic growth. In search for the specific explanations of this phenomenon, the connection between universities and locally based entrepreneurship has attracted considerable attention. We investigate...