 Location determinants of high-growth firmsMinghao Li, Stephan Goetz, Mark Partridge and David Fleming Entrepreneurship & Regional Development, 2016, vol. 28, issue 1-2, 97-125 Abstract: County-level location patterns of INC5000 companies provide one map of American entrepreneurship and innovativeness, and understanding the local factors associated with these firms’ emergence is important for stimulating regional economic growth and innovation. We draw on the knowledge spillover theory of entrepreneurship to motivate our regression model, and augment this theory with additional regional features that have been found to be important in the firm location literature. Zero-inflated negative binomial regressions indicate that these firms exist in counties with larger average establishment size, higher educational attainment and more natural amenities. Income growth, a mix of higher paying industries, and more banks per capita are associated with a smaller presence of these types of firms, all else equal. We conclude that the local conditions favouring high-growth firms are likely to be different from those favouring new firms in general, and that these conditions differ significantly in urban and rural areas and by industrial sectors. Date: 2016 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:entreg:v:28:y:2016:i:1-2:p:97-125 Ordering information: This journal article can be ordered from DOI: 10.1080/08985626.2015.1109003 Access Statistics for this article Entrepreneurship & Regional Development is currently edited by Professor Alistair Anderson More articles in Entrepreneurship & Regional Development from Taylor & Francis Journals |
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