Regional knowledge, entrepreneurial culture, and innovative start-ups over time and space―an empirical investigation
Michael Fritsch () and
Michael Wyrwich ()
Small Business Economics, 2018, vol. 51, issue 2, 337-353
Abstract We investigate the role of entrepreneurship culture and the historical knowledge base of a region on current levels of new business formation in innovative industries. The analysis is for German regions and covers the time period 1907–2014. We find a pronounced positive relationship between high levels of historical self-employment in science-based industries and new business formation in innovative industries today. This long-term legacy effect of entrepreneurial tradition indicates the prevalence of a regional culture of entrepreneurship. Moreover, local presence and geographic proximity to a technical university founded before the year 1900 is positively related to the level of innovative start-ups more than a century later. The results show that a considerable part of the knowledge that constitutes an important source of entrepreneurial opportunities is deeply rooted in history. We draw conclusions for policy and for further research.
Keywords: Innovative start-ups; Universities; Regional knowledge; Regional cultures of entrepreneurship (search for similar items in EconPapers)
JEL-codes: L26 L60 L80 O18 R12 R30 (search for similar items in EconPapers)
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Working Paper: Regional Knowledge, Entrepreneurial Culture and Innovative Start-ups over Time and Space - An Empirical Investigation (2018)
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