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Growth of Incumbent Firms and Entrepreneurship in Vietnam

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  • E. Santarelli
  • H. T. Tran

Abstract

This paper analyzes the relationship between the performance of incumbent firms and the net entry of new firms by combining different theoretical views of entrepreneurship. It shows that new knowledge and ideas created but not commercialized by incumbents are an important source of entrepreneurial opportunities for nascent firms. Different regression models to treat dynamics and endogeneity issues are applied to test the research hypothesis that growth of incumbent firms in a region will stimulate start-up activities by creating new profit opportunities for potential entrepreneurs. Vietnam’s regional micro-data from 2000 to 2008 are used for this test. Four controlling indicators – entrepreneurial demand, market structure, regional economic environment, and market innovativeness – are found to exert a statistically significant effect on new entries.

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Paper provided by Dipartimento Scienze Economiche, Universita' di Bologna in its series Working Papers with number wp785.

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Date of creation: Sep 2011
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Handle: RePEc:bol:bodewp:wp785

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  1. Reinhold Grotz & Udo Brixy, 2003. "Regional Patterns and Determinants of the Success of New Firms in Western Germany," ERSA conference papers ersa03p270, European Regional Science Association.
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Citations

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Cited by:
  1. Vivarelli, Marco, 2012. "Entrepreneurship in Advanced and Developing Countries: A Microeconomic Perspective," IZA Discussion Papers 6513, Institute for the Study of Labor (IZA).
  2. Calá, Carla Daniela & Manjón Antolín, Miguel C. & Arauzo Carod, Josep Maria, 2014. "Regional determinants of firm entry in a developing country," Working Papers, Universitat Rovira i Virgili, Department of Economics 2072/238220, Universitat Rovira i Virgili, Department of Economics.
  3. Quatraro, Francesco & Vivarelli, Marco, 2013. "Drivers of Entrepreneurship and Post-Entry Performance of Newborn Firms in Developing Countries," IZA Discussion Papers 7436, Institute for the Study of Labor (IZA).
  4. E. Santarelli & H. T. Tran, 2012. "The Interplay of Human and Social Capital in Shaping Entrepreneurial Performance: The Case of Vietnam," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna wp803, Dipartimento Scienze Economiche, Universita' di Bologna.
  5. Hien Thu Tran & Enrico Santarelli, 2013. "Capital Constraints and the Performance of Entrepreneurial Firms in Vietnam," Working Paper Series, The Rimini Centre for Economic Analysis 32_13, The Rimini Centre for Economic Analysis.
  6. Vivarelli, Marco, 2012. "Drivers of entrepreneurship and post-entry performance : microeconomic evidence from advanced and developing countries," Policy Research Working Paper Series, The World Bank 6245, The World Bank.

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