Entrepreneurship and crime: The case of new restaurant location decisions

CarlyWill Sloan, Steven B Caudill and Franklin Mixon

Journal of Business Venturing Insights, 2016, vol. 5, issue C, 19-26

Abstract: This paper examines the impact of various violent crimes on restaurant location decisions in a single city, Memphis, TN. Using location information on crimes and newly opened restaurants, we are able to match crimes and restaurants in parcels we construct. We examine the impact of the number of burglaries, assaults, rapes, and murders in each of 400 to up to 1,000,000 parcels occurring from 2009–2013 on the number of restaurants opening in 2014 in models including dummy variables capturing neighborhood effects. Regression results indicate that each crime is positively related to the number of new restaurants in a parcel. This suggests that even with the crime problem, these locations provide sufficient benefits, perhaps population density, which make them attractive to restaurant entrepreneurs.

Keywords: L26; Keywords:; Entrepreneurship and crime; Hot spots; Restaurant location; Urban economics (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S235267341530010X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:5:y:2016:i:c:p:19-26

DOI: 10.1016/j.jbvi.2015.12.003

Access Statistics for this article

Journal of Business Venturing Insights is currently edited by Dimo Dimov

More articles in Journal of Business Venturing Insights from Elsevier
Bibliographic data for series maintained by Catherine Liu ().