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Regional characteristics, opportunity perception and entrepreneurial activities

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  • Michael Stuetzer

    ()

  • Martin Obschonka

    ()

  • Udo Brixy

    ()

  • Rolf Sternberg

    ()

  • Uwe Cantner

    ()

Abstract

This article seeks to better understand the link between regional characteristics and individual entrepreneurship. We combine individual-level Global Entrepreneurship Monitor data for Western Germany with regional-level data, using multilevel analysis to test our hypotheses. We find no direct link between regional knowledge creation, the economic context and an entrepreneurial culture on the one side and individual business start-up intentions and start-up activity on the other side. However, our findings point to the importance of an indirect effect of regional characteristics as knowledge creation, the economic context and an entrepreneurial culture have an effect on the individual perception of founding opportunities, which in turn predicted start-up intentions and activity. Copyright Springer Science+Business Media New York 2014

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Bibliographic Info

Article provided by Springer in its journal Small Business Economics.

Volume (Year): 42 (2014)
Issue (Month): 2 (February)
Pages: 221-244

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Handle: RePEc:kap:sbusec:v:42:y:2014:i:2:p:221-244

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Web page: http://www.springerlink.com/link.asp?id=100338

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Keywords: Regional entrepreneurship; Nascent entrepreneurship; Opportunity perception; Creative class; Global Entrepreneurship Monitor (GEM);

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Cited by:
  1. Michael Fritsch & Michael Wyrwich, 2014. "The Effect of Regional Entrepreneurship Culture on Economic Development - Evidence for Germany," Jena Economic Research Papers 2014-014, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  2. Gabriele Ruiu, 2014. "The perverse effect of fatalism on entrepreneurial selection," Economics Bulletin, AccessEcon, vol. 34(2), pages 901-922.
  3. David Audretsch & Maksim Belitski, 2013. "The missing pillar: the creativity theory of knowledge spillover entrepreneurship," Small Business Economics, Springer, vol. 41(4), pages 819-836, December.

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