Location, Location, Location: Entrepreneurial Finance Meets Economic Geography

Emanuel Shachmurove () and Yochanan Shachmurove ()
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Emanuel Shachmurove: Independent
Yochanan Shachmurove: Department of Economics,The City College of the City University of New YorkAuthor-Name:

PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

Abstract: Economic Geography maintains that economic activities are not randomly distributed across space. This paper examines the impact of industrial and regional characteristics on venture capital activities in the United States from 1995 until 2009. The unique database allows for stratifications into seventeen industries within nineteen regions of the United States. This study affirms the significance of both Location and industry in venture capital investment. Both statistical and graphical methods are employed in order to better ascertain the dynamic nature of the data.

Keywords: Venture Capital; Economic Geography; Location; Biotechnology; Business Products and Services; Computers and Peripherals; Consumer Products and Services; Electronics and Instrumentation; Financial Services; Healthcare Services; Industrial and Energy; Information Technology Services; Media and Entertainment; Medical Devices and Equipment; Networking and Equipment; Retailing and Distribution; Semiconductors; Software; Telecommunications. (search for similar items in EconPapers)
JEL-codes: C12 D81 D92 E22 G24 G3 M13 M21 O16 O3 (search for similar items in EconPapers)
Pages: 57 pages
Date: 2010-08-27
New Economics Papers: this item is included in nep-ent, nep-geo and nep-ure
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