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Localized competition in the knowledge spillover theory of entrepreneurship

Plummer, Lawrence A. and Acs, Zoltan J. (2014) Localized competition in the knowledge spillover theory of entrepreneurship. Journal of Business Venturing, 29 (1). pp. 121-136. ISSN 0883-9026

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Abstract

The knowledge spillover theory of entrepreneurship predicts that the relationship between new knowledge and entrepreneurial activity depends on the commercialization efficiency of incumbents. We extend the theory to contend that localized competition impedes entrepreneurial activity by reducing the incentive to exploit new knowledge, and we test this conjecture using spatial panel estimation. We find a positive relationship between new knowledge and entrepreneurial activity, which is negatively moderated by localized competition. We also find that greater agglomeration counteracts the moderating effect localized competition has on the relationship between new knowledge and entrepreneurial activity.

Item Type: Article
Official URL: http://www.sciencedirect.com/science/journal/08839...
Additional Information: © 2014 Elsevier Inc.
Library of Congress subject classification: H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L20 - General
Sets: Departments > Management
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 09 Apr 2014 08:40
URL: http://eprints.lse.ac.uk/56425/

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