The Impact of Teesside New Businesses in the 1970s, 1980s and 1990s

Francis J. Greene, Kevin Mole and David J. Storey

Chapter 8 in Three Decades of Enterprise Culture, 2008, pp 168-204 from Palgrave Macmillan

Abstract: Abstract The evidence from previous chapters suggests that new businesses have not reinvigorated a low enterprise area such as Teesside over the last three decades. The human capital of the new entrepreneurs was modest, leading almost inevitably to enterprises being started in sectors where the opportunities for business growth are limited. Perhaps linked to the low human capital of the entrepreneurs we find new Teesside businesses are characterised by low levels of innovation and with an undue emphasis upon price-based strategies. Although both access to finance and business support has dramatically improved over the last 30 years, the evidence that it has actually strengthened new businesses in the Teesside economy is scant.

Keywords: Human Capital; Employment Growth; Business Performance; Limited Company; Serial Entrepreneur (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28801-0_8

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DOI: 10.1057/9780230288010_8

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