IDEAS home Printed from https://ideas.repec.org/a/eee/jobuve/v22y2024ics2352673424000301.html
   My bibliography  Save this article

Beyond local boundaries: Unraveling the spatiality of entrepreneurial ecosystems

Author

Listed:
  • Schäfer, Susann
  • Fischer, Bruno
  • Rücker Schaeffer, Paola
  • Balestrin, Alsones

Abstract

The underlying rationale of Entrepreneurial Ecosystems (EE) interactions is essentially attached to geographical space. So far, literature remains largely focused on a shortsighted notion of EE as ‘insular’ systems. In this article we address the spatial dynamics of two ecosystems based on the inflow of venture capital over the last three decades. Drawing from the cases of Tokyo and Bangalore, our key insight is that the EE configurations cannot be properly understood without a clear assessment of its spatial features. i.e., the geographical scope of connections that compose EE. As it turns out, EE present heterogeneous spatialities – and these evolve along different trajectories. This, we believe, is a key missing piece of the EE theoretical puzzle.

Suggested Citation

  • Schäfer, Susann & Fischer, Bruno & Rücker Schaeffer, Paola & Balestrin, Alsones, 2024. "Beyond local boundaries: Unraveling the spatiality of entrepreneurial ecosystems," Journal of Business Venturing Insights, Elsevier, vol. 22(C).
    • Handle: RePEc:eee:jobuve:v:22:y:2024:i:c:s2352673424000301
    DOI: 10.1016/j.jbvi.2024.e00478
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2352673424000301
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbvi.2024.e00478?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Clarysse, Bart & Wright, Mike & Bruneel, Johan & Mahajan, Aarti, 2014. "Creating value in ecosystems: Crossing the chasm between knowledge and business ecosystems," Research Policy, Elsevier, vol. 43(7), pages 1164-1176.
    2. Erik Stam, 2015. "Entrepreneurial Ecosystems and Regional Policy: A Sympathetic Critique," European Planning Studies, Taylor & Francis Journals, vol. 23(9), pages 1759-1769, September.
    3. Ben Spigel, 2017. "The Relational Organization of Entrepreneurial Ecosystems," Entrepreneurship Theory and Practice, , vol. 41(1), pages 49-72, January.
    4. Bernd Wurth & Erik Stam & Ben Spigel, 2022. "Toward an Entrepreneurial Ecosystem Research Program," Entrepreneurship Theory and Practice, , vol. 46(3), pages 729-778, May.
    5. Rolf Sternberg, 2022. "Entrepreneurship and geography—some thoughts about a complex relationship," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(3), pages 559-584, December.
    6. Kuebart, Andreas, 2019. "Geographies of relational coordination in venture capital firms," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 27(11), pages 2206-2226.
    7. Michael Fritsch & Dirk Schilder, 2008. "Does Venture Capital Investment Really Require Spatial Proximity? An Empirical Investigation," Environment and Planning A, , vol. 40(9), pages 2114-2131, September.
    8. Lutz, Eva & Bender, Marko & Achleitner, Ann-Kristin & Kaserer, Christoph, 2013. "Importance of spatial proximity between venture capital investors and investees in Germany," Journal of Business Research, Elsevier, vol. 66(11), pages 2346-2354.
    9. Ghazinoory, Sepehr & Phillips, Fred & Afshari-Mofrad, Masoud & Bigdelou, Nasrin, 2021. "Innovation lives in ecotones, not ecosystems," Journal of Business Research, Elsevier, vol. 135(C), pages 572-580.
    10. Daniel Sunghwan Cho & Paul Ryan & Giulio Buciuni, 2022. "Evolutionary entrepreneurial ecosystems: a research pathway," Small Business Economics, Springer, vol. 58(4), pages 1865-1883, April.
    11. Mh Bala Subrahmanya, 2017. "HOW DID BANGALORE EMERGE AS A GLOBAL HUB OF TECH START-UPs IN INDIA? ENTREPRENEURIAL ECOSYSTEM — EVOLUTION, STRUCTURE AND ROLE," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-22, March.
    12. Ross Brown & Colin Mason, 2017. "Looking inside the spiky bits: a critical review and conceptualisation of entrepreneurial ecosystems," Small Business Economics, Springer, vol. 49(1), pages 11-30, June.
    13. Mirella Schrijvers & Erik Stam & Niels Bosma, 2024. "Figuring it out: configurations of high-performing entrepreneurial ecosystems in Europe," Regional Studies, Taylor & Francis Journals, vol. 58(5), pages 1096-1110, May.
    14. Bruton, Garry D. & Ahlstrom, David, 2003. "An institutional view of China's venture capital industry: Explaining the differences between China and the West," Journal of Business Venturing, Elsevier, vol. 18(2), pages 233-259, March.
    15. Leendertse, Jip & Schrijvers, Mirella & Stam, Erik, 2022. "Measure Twice, Cut Once: Entrepreneurial Ecosystem Metrics," Research Policy, Elsevier, vol. 51(9).
    16. Colombo, Massimo G. & D’Adda, Diego & Quas, Anita, 2019. "The geography of venture capital and entrepreneurial ventures’ demand for external equity," Research Policy, Elsevier, vol. 48(5), pages 1150-1170.
    17. Haarhaus, Tim & Strunk, Guido & Liening, Andreas, 2020. "Assessing the complex dynamics of entrepreneurial ecosystems: A nonstationary approach," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    18. Cumming, Douglas & Dai, Na, 2010. "Local bias in venture capital investments," Journal of Empirical Finance, Elsevier, vol. 17(3), pages 362-380, June.
    19. Christina Theodoraki & Alexis Catanzaro, 2022. "Widening the borders of entrepreneurial ecosystem through the international lens," The Journal of Technology Transfer, Springer, vol. 47(2), pages 383-406, April.
    20. Carayannis, Elias G. & Grigoroudis, Evangelos & Wurth, Bernd, 2022. "OR for entrepreneurial ecosystems: A problem-oriented review and agenda," European Journal of Operational Research, Elsevier, vol. 300(3), pages 791-808.
    21. Richard T Harrison & Babangida Yohanna & Yannis Pierrakis, 2020. "Internationalisation and localisation: Foreign venture capital investments in the United Kingdom," Local Economy, London South Bank University, vol. 35(3), pages 230-256, May.
    22. Anne Ter Wal & Ron Boschma, 2011. "Co-evolution of Firms, Industries and Networks in Space," Regional Studies, Taylor & Francis Journals, vol. 45(7), pages 919-933.
    23. Henry Chen & Paul Gompers & Anna Kovner & Josh Lerner, 2010. "Buy Local? The Geography of Venture Capital," NBER Chapters, in: Cities and Entrepreneurship, National Bureau of Economic Research, Inc.
    24. Daniel Hain & Sofia Johan & Daojuan Wang, 2016. "Determinants of Cross-Border Venture Capital Investments in Emerging and Developed Economies: The Effects of Relational and Institutional Trust," Journal of Business Ethics, Springer, vol. 138(4), pages 743-764, November.
    25. Fischer, Bruno & Meissner, Dirk & Vonortas, Nicholas & Guerrero, Maribel, 2022. "Spatial features of entrepreneurial ecosystems," Journal of Business Research, Elsevier, vol. 147(C), pages 27-36.
    26. Li, Yong & Zahra, Shaker A., 2012. "Formal institutions, culture, and venture capital activity: A cross-country analysis," Journal of Business Venturing, Elsevier, vol. 27(1), pages 95-111.
    27. Erik Stam & Andrew Ven, 2021. "Entrepreneurial ecosystem elements," Small Business Economics, Springer, vol. 56(2), pages 809-832, February.
    28. Parwada, Jerry T., 2008. "The Genesis of Home Bias? The Location and Portfolio Choices of Investment Company Start-Ups," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 43(1), pages 245-266, March.
    29. Isin Guler & Mauro F Guillén, 2010. "Institutions and the internationalization of US venture capital firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 41(2), pages 185-205, February.
    30. Andreas Kuebart, 2019. "Geographies of relational coordination in venture capital firms," European Planning Studies, Taylor & Francis Journals, vol. 27(11), pages 2206-2226, November.
    31. Bastian Lange & Suntje Schmidt, 2021. "Entrepreneurial ecosystems as a bridging concept? A conceptual contribution to the debate on entrepreneurship and regional development," Growth and Change, Wiley Blackwell, vol. 52(2), pages 790-807, June.
    32. Kapturkiewicz, Agata, 2022. "Varieties of Entrepreneurial Ecosystems: A comparative study of Tokyo and Bangalore," Research Policy, Elsevier, vol. 51(9).
    33. Kim, Jongwoo & Kim, Hongil & Geum, Youngjung, 2023. "How to succeed in the market? Predicting startup success using a machine learning approach," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    34. Harald Bathelt & Johannes Glückler, 2005. "Resources in Economic Geography: From Substantive Concepts towards a Relational Perspective," Environment and Planning A, , vol. 37(9), pages 1545-1563, September.
    35. Robert Huggins & Piers Thompson, 2022. "Cities, innovation and entrepreneurial ecosystems: assessing the impact of the COVID-19 pandemic [The rise of urban tech: how innovations for cities come from cities]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(3), pages 635-661.
    36. David B. Audretsch, 2021. "Have we oversold the Silicon Valley model of entrepreneurship?," Small Business Economics, Springer, vol. 56(2), pages 849-856, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. van Dijk, Jasper & Leendertse, Jip & Stam, Erik & van Rijnsoever, Frank, 2025. "The entrepreneurial ecosystem clock keeps on ticking – A replication and extension of Coad and Srhoj (2023)," Research Policy, Elsevier, vol. 54(2).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marquardt, Leon & Harima, Aki, 2024. "Digital boundary spanning in the evolution of entrepreneurial ecosystems: A dynamic capabilities perspective," Journal of Business Research, Elsevier, vol. 182(C).
    2. Fischer, Bruno & Meissner, Dirk & Vonortas, Nicholas & Guerrero, Maribel, 2022. "Spatial features of entrepreneurial ecosystems," Journal of Business Research, Elsevier, vol. 147(C), pages 27-36.
    3. Shi, Xianwei & Liang, Xingkun & Luo, Yining, 2023. "Unpacking the intellectual structure of ecosystem research in innovation studies," Research Policy, Elsevier, vol. 52(6).
    4. van Dijk, Jasper & Leendertse, Jip & Stam, Erik & van Rijnsoever, Frank, 2025. "The entrepreneurial ecosystem clock keeps on ticking – A replication and extension of Coad and Srhoj (2023)," Research Policy, Elsevier, vol. 54(2).
    5. Marc Cowling & Ross Brown & Neil Lee, 2021. "The geography of business angel investments in the UK: Does local bias (still) matter?," Environment and Planning A, , vol. 53(5), pages 1180-1200, August.
    6. Daniel Sunghwan Cho & Paul Ryan & Giulio Buciuni, 2022. "Evolutionary entrepreneurial ecosystems: a research pathway," Small Business Economics, Springer, vol. 58(4), pages 1865-1883, April.
    7. Roundy, Philip T. & Randy Evans, W., 2024. "Entrepreneurial ecosystems as multiteam systems: Navigating independence and interdependence in the leadership of startup communities," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    8. Stephens, Simon & McLaughlin, Christopher & Ryan, Leah & Catena, Manuel & Bonner, Aisling, 2022. "Entrepreneurial ecosystems: Multiple domains, dimensions and relationships," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    9. Phumlani Nkontwana & Erik Stam, 2023. "Entrepreneurial Ecosystems for the Africa we want," Working Papers 2305, Utrecht School of Economics.
    10. Alejandro Almeida & Antonio A. Golpe & Juan Manuel Martín-Álvarez & Jose Carlos Vides, 2025. "New England’s Pinnacle: fostering quality entrepreneurial ecosystems," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 15(1), pages 243-271, March.
    11. Robert, Marc, 2025. "Manufacturing Innovation and the Role of Entrepreneurship," MPRA Paper 124608, University Library of Munich, Germany.
    12. Leonardo Mazzoni & Massimo Riccaboni & Erik Stam, 2024. "Entrepreneurial Ecosystems and Interregional Flows of Entrepreneurial Talent," Papers in Evolutionary Economic Geography (PEEG) 2426, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2024.
    13. Chaudhary, Sanjay & Kaur, Puneet & Ferraris, Alberto & Bresciani, Stefano & Dhir, Amandeep, 2024. "Connecting entrepreneurial ecosystem and innovation. Grasping at straws or hitting a home run?," Technovation, Elsevier, vol. 130(C).
    14. Yating Li & Martin Kenney & Donald Patton & Abraham Song, 2023. "Entrepreneurial ecosystems and industry knowledge: does the winning region take all?," Small Business Economics, Springer, vol. 61(1), pages 153-172, June.
    15. Jiewang Chu & Jiaxuan Li, 2022. "The Composition and Operation Mechanism of Digital Entrepreneurial Ecosystem: A Study of Hangzhou Yunqi Town as an Example," Sustainability, MDPI, vol. 14(24), pages 1-19, December.
    16. Komlósi, Éva & Madár, Miklós, 2024. "Digitális vállalkozási ökoszisztémák a Kárpát-Balkán térségben [Digital entrepreneurship ecosystems in the Carpathian-Balkan region]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1254-1279.
    17. Kuebart, Andreas, 2022. "Open creative labs as functional infrastructure for entrepreneurial ecosystems: Using sequence analysis to explore tempo-spatial trajectories of startups in Berlin," Research Policy, Elsevier, vol. 51(9).
    18. Luiza Ossowska & Dorota Janiszewska & Grzegorz Kwiatkowski, 2023. "The Entrepreneurship Ecosystem of Food Festivals—A Vendors’ Approach," Sustainability, MDPI, vol. 15(2), pages 1-19, January.
    19. van Rijnsoever, Frank J., 2020. "Meeting, mating, and intermediating: How incubators can overcome weak network problems in entrepreneurial ecosystems," Research Policy, Elsevier, vol. 49(1).
    20. Jiani Wang & Su Chen & William Scheela, 2023. "Foreign venture capital investing strategies in transition economies: The case of China," Asia Pacific Journal of Management, Springer, vol. 40(4), pages 1481-1524, December.

    More about this item

    Keywords

    Entrepreneurial ecosystems; Entrepreneurship; Spatiality; Configurations; Tokyo; Bangalore;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobuve:v:22:y:2024:i:c:s2352673424000301. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-business-venturing-insights .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.