IDEAS home Printed from https://ideas.repec.org/p/egu/wpaper/1920.html
   My bibliography  Save this paper

New(s) data for Entrepreneurship Research? An innovative approach to use Big Data on media coverage

Author

Listed:
  • Johannes von Bloh
  • Tom Broekel
  • Burcu Oezgun
  • Rolf Sternberg

Abstract

Although conventional register and survey data on entrepreneurship have enabled remarkable insights into the phenomenon, the added value has slowed down noticeably over the last decade. There is a need for fresh approaches utilising modern data sources such as Big Data. Until now, it has been quite unknown whether Big Data actually embodies valuable contributions for entrepreneurship research and where it can perform better or worse than conventional approaches. To contribute towards the exploration of Big Data in entrepreneurship research, we use a newly developed dataset based on publications of the German Press Agency (dpa) to explore the relationship between news coverage of entrepreneurship and regional entrepreneurial activity. Furthermore, we apply sentiment analysis to investigate the impact on sentiment of entrepreneurial press releases. Our results show mixed outcomes regarding the relationship between reporting of entrepreneurial events, i.e., media coverage, and entrepreneurial activity in German planning regions. At this stage, our empirical results reject the idea of a strong relationship between actual entrepreneurial activities in regions and the intensity of it being reported. However, the results also imply much potential of Big Data approaches for further research with more sophisticated methodology approaches. Our paper provides an entry point into Big Data usage in entrepreneurship research and we suggest a number of relevant research opportunities based on our results.

Suggested Citation

  • Johannes von Bloh & Tom Broekel & Burcu Oezgun & Rolf Sternberg, 2019. "New(s) data for Entrepreneurship Research? An innovative approach to use Big Data on media coverage," Papers in Evolutionary Economic Geography (PEEG) 1920, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jun 2019.
    • Handle: RePEc:egu:wpaper:1920
    as

    Download full text from publisher

    File URL: http://econ.geo.uu.nl/peeg/peeg1920.pdf
    File Function: Version June 2019
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    2. Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2016. "Measuring Economic Policy Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(4), pages 1593-1636.
    3. Michael Wyrwich & Michael Stuetzer & Rolf Sternberg, 2016. "Entrepreneurial role models, fear of failure, and institutional approval of entrepreneurship: a tale of two regions," Small Business Economics, Springer, vol. 46(3), pages 467-492, March.
    4. Suzanna De Boef & Paul M. Kellstedt, 2004. "The Political (and Economic) Origins of Consumer Confidence," American Journal of Political Science, John Wiley & Sons, vol. 48(4), pages 633-649, October.
    5. Robert J. Shiller, 2017. "Narrative Economics," American Economic Review, American Economic Association, vol. 107(4), pages 967-1004, April.
    6. Michael Stuetzer & Martin Obschonka & Udo Brixy & Rolf Sternberg & Uwe Cantner, 2014. "Regional characteristics, opportunity perception and entrepreneurial activities," Small Business Economics, Springer, vol. 42(2), pages 221-244, February.
    7. Friederike Welter & Ted Baker & Katharine Wirsching, 2019. "Three waves and counting: the rising tide of contextualization in entrepreneurship research," Small Business Economics, Springer, vol. 52(2), pages 319-330, February.
    8. Michael Wyrwich & Rolf Sternberg & Michael Stuetzer, 2019. "Failing role models and the formation of fear of entrepreneurial failure: a study of regional peer effects in German regions," Journal of Economic Geography, Oxford University Press, vol. 19(3), pages 567-588.
    9. Christopher J. Coyne & Peter T. Leeson, 2004. "Read All About It! Understanding the Role of Media in Economic Development," Kyklos, Wiley Blackwell, vol. 57(1), pages 21-44, February.
    10. Philip T. Roundy, 2016. "Start-up Community Narratives: The Discursive Construction of Entrepreneurial Ecosystems," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 25(2), pages 232-248, September.
    11. Sternberg, Rolf, 2009. "Regional Dimensions of Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(4), pages 211-340, May.
    12. Coviello, Nicole E. & Jones, Marian V., 2004. "Methodological issues in international entrepreneurship research," Journal of Business Venturing, Elsevier, vol. 19(4), pages 485-508, July.
    13. Janna Alvedalen & Ron Boschma, 2017. "A critical review of entrepreneurial ecosystems research: towards a future research agenda," European Planning Studies, Taylor & Francis Journals, vol. 25(6), pages 887-903, June.
    14. Hollanders, David & Vliegenthart, Rens, 2011. "The influence of negative newspaper coverage on consumer confidence: The Dutch case," Journal of Economic Psychology, Elsevier, vol. 32(3), pages 367-373, June.
    15. Cameron, A. Colin & Trivedi, Pravin K., 1990. "Regression-based tests for overdispersion in the Poisson model," Journal of Econometrics, Elsevier, vol. 46(3), pages 347-364, December.
    16. Friederike Welter & Ted Baker & David B. Audretsch & William B. Gartner, 2017. "Everyday Entrepreneurship—A Call for Entrepreneurship Research to Embrace Entrepreneurial Diversity," Entrepreneurship Theory and Practice, , vol. 41(3), pages 311-321, May.
    17. Pia Arenius & Maria Minniti, 2005. "Perceptual Variables and Nascent Entrepreneurship," Small Business Economics, Springer, vol. 24(3), pages 233-247, February.
    18. Feldman, Maryann P, 2001. "The Entrepreneurial Event Revisited: Firm Formation in a Regional Context," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 10(4), pages 861-891, December.
    19. Feng Wang & Elizabeth A. Mack & Ross Maciewjewski, 2017. "Analyzing Entrepreneurial Social Networks with Big Data," Annals of the American Association of Geographers, Taylor & Francis Journals, vol. 107(1), pages 130-150, January.
    20. Niels Bosma & Rolf Sternberg, 2014. "Entrepreneurship as an Urban Event? Empirical Evidence from European Cities," Regional Studies, Taylor & Francis Journals, vol. 48(6), pages 1016-1033, June.
    21. Yana Borissenko & Ron Boschma, 2016. "A critical review of entrepreneurial ecosystems: towards a future research agenda," Papers in Evolutionary Economic Geography (PEEG) 1630, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Nov 2016.
    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. Grégory Guéneau & Didier Chabaud & Marie-Christine Chalus Sauvannet, 2022. "Opening entrepreneurial ecosystem’s black box: the power of networks in African low-income countries," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 753-772, June.
    2. Kevin Escoz Barragan & Felix Simon Rudolf Becker, 2025. "Keeping pace with the digital transformation — exploring the digital orientation of SMEs," Small Business Economics, Springer, vol. 64(3), pages 1361-1385, March.
    3. Francesco Perugini, 2023. "Space–time analysis of entrepreneurial ecosystems," The Journal of Technology Transfer, Springer, vol. 48(1), pages 240-291, February.
    4. Christopher J. Boudreaux & Daniel L. Bennett & David S. Lucas & Boris N. Nikolaev, 2023. "Taking mental models seriously: institutions, entrepreneurship, and the mediating role of socio-cognitive traits," Small Business Economics, Springer, vol. 61(2), pages 465-493, August.
    5. Bernd Wurth & Erik Stam & Ben Spigel, 2022. "Toward an Entrepreneurial Ecosystem Research Program," Entrepreneurship Theory and Practice, , vol. 46(3), pages 729-778, May.
    6. Bernhard Truffer, 2024. "New methodological inroads to regional path development - Epistemological reflections on the contribution of semantic network analysis," GEIST - Geography of Innovation and Sustainability Transitions 2024(05), GEIST Working Paper Series.
    7. Guéneau, Grégory & Chabaud, Didier & Sauvannet, Marie-Christine Chalus, 2023. "Sticky ties: Quest for structural inter-organizational configurations in entrepreneurial ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    8. Marie Madeleine Meurer & Matthias Waldkirch & Peter Kalum Schou & Eliane Léontine Bucher & Katrin Burmeister-Lamp, 2022. "Digital affordances: how entrepreneurs access support in online communities during the COVID-19 pandemic," Small Business Economics, Springer, vol. 58(2), pages 637-663, February.
    9. Juan J. Lull & Roberto Cervelló-Royo & José Luis Galdón, 2024. "Crossroads between Big Data and entrepreneurship: current key trends," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2763-2790, December.
    10. Adesuwa Omorede & Juan Francisco Prados-Castillo & Amalia Cristina Casas-Jurado, 2025. "Researching entrepreneurship using big data: implementation, benefits, and challenges," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-22, December.
    11. Martin Queissner & Lennard Stolz & Matthias Weiss, 2025. "A meta-analysis of entrepreneurial ecosystem elements and entrepreneurial activity," Small Business Economics, Springer, vol. 64(4), pages 1817-1847, April.
    12. Sascha Kraus & Matthias Breier & Sonia Dasí-Rodríguez, 2020. "The art of crafting a systematic literature review in entrepreneurship research," International Entrepreneurship and Management Journal, Springer, vol. 16(3), pages 1023-1042, September.
    13. Rammer, Christian & Es-Sadki, Nordine, 2023. "Using big data for generating firm-level innovation indicators - a literature review," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    14. Jeffrey Muldoon & Younggeun Lee & Eric W. Liguori & Saumyaranjan Sahoo & Satish Kumar, 2024. "Mapping the entrepreneurship ecosystem scholarship: current state and future directions," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 3035-3080, December.
    15. McDaniel, Michael & Ge, Jianhua & Yuan, Wenhao, 2022. "Social impacts of entrepreneurship: Does entrepreneurial ecosystem support reduce homicide?," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    16. Shelby Solomon & Joshua S. Bendickson & Eric W. Liguori & Matthew R. Marvel, 2022. "The effects of social spending on entrepreneurship in developed nations," Small Business Economics, Springer, vol. 58(3), pages 1595-1607, March.
    17. Steve J. Bickley & Alison Macintyre & Benno Torgler, 2021. "Artificial Intelligence and Big Data in Sustainable Entrepreneurship," CREMA Working Paper Series 2021-11, Center for Research in Economics, Management and the Arts (CREMA).
    18. Ozgun, Burcu & Broekel, Tom, 2021. "The geography of innovation and technology news - An empirical study of the German news media," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    19. Andreas Rauch, 2020. "Opportunities and Threats in Reviewing Entrepreneurship Theory and Practice," Entrepreneurship Theory and Practice, , vol. 44(5), pages 847-860, September.
    20. Martin Obschonka & David B. Audretsch, 2020. "Artificial intelligence and big data in entrepreneurship: a new era has begun," Small Business Economics, Springer, vol. 55(3), pages 529-539, October.

    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. Sternberg Rolf & Bloh Johannes von & Coduras Alicia, 2019. "A new framework to measure entrepreneurial ecosystems at the regional level," ZFW – Advances in Economic Geography, De Gruyter, vol. 63(2-4), pages 103-117, November.
    2. 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.
    3. Michael Wyrwich & Michael Stuetzer & Rolf Sternberg, 2016. "Entrepreneurial role models, fear of failure, and institutional approval of entrepreneurship: a tale of two regions," Small Business Economics, Springer, vol. 46(3), pages 467-492, March.
    4. Leendertse, Jip & Schrijvers, Mirella & Stam, Erik, 2022. "Measure Twice, Cut Once: Entrepreneurial Ecosystem Metrics," Research Policy, Elsevier, vol. 51(9).
    5. Victor Martin-Sanchez & Ignacio Contín-Pilart & Martin Larraza-Kintana, 2018. "The influence of entrepreneurs’ social referents on start-up size," International Entrepreneurship and Management Journal, Springer, vol. 14(1), pages 173-194, March.
    6. Jana Schmutzler & Veneta Andonova & Jonathan Perez-Lopez, 2021. "The role of diaspora in opportunity-driven entrepreneurial ecosystems: A mixed-methods study of Balkan economies," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 693-729, June.
    7. Heiko Bergmann & Christian Hundt & Rolf Sternberg, 2016. "What makes student entrepreneurs? On the relevance (and irrelevance) of the university and the regional context for student start-ups," Small Business Economics, Springer, vol. 47(1), pages 53-76, June.
    8. Michael Stuetzer & David B. Audretsch & Martin Obschonka & Samuel D. Gosling & Peter J. Rentfrow & Jeff Potter, 2018. "Entrepreneurship culture, knowledge spillovers and the growth of regions," Regional Studies, Taylor & Francis Journals, vol. 52(5), pages 608-618, May.
    9. Chong Kyoon Lee & Griffin W. Cottle & Sharon A. Simmons & Johan Wiklund, 2021. "Fear not, want not: Untangling the effects of social cost of failure on high-growth entrepreneurship," Small Business Economics, Springer, vol. 57(1), pages 531-553, June.
    10. David Urbano & Sebastian Aparicio & Victor Querol, 2016. "Social progress orientation and innovative entrepreneurship: an international analysis," Journal of Evolutionary Economics, Springer, vol. 26(5), pages 1033-1066, December.
    11. David B. Audretsch & Maksim Belitski & Georg Eichler, 2020. "Bilingualism and regional entrepreneurship," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 65(3), pages 787-806, December.
    12. Roberta Capello & Camilla Lenzi, 2016. "Innovation modes and entrepreneurial behavioral characteristics in regional growth," Small Business Economics, Springer, vol. 47(4), pages 875-893, December.
    13. Julie Vardhan & Madhuri Mahato, 2022. "Business Incubation Centres in Universities and Their Role in Developing Entrepreneurial Ecosystem," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 8(1), pages 143-157, January.
    14. Quoc Hoang Thai & Khuong Ngoc Mai & Tung Thanh Do, 2023. "An Evolution of Entrepreneurial Ecosystem Studies: A Systematic Literature Review and Future Research Agenda," SAGE Open, , vol. 13(1), pages 21582440231, March.
    15. Adil Khan & Mohd Yasir Arafat & Imran Saleem, 2022. "Does Social Legitimacy Matter in an Indian’s Decision to Start a New Venture?," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 8(2), pages 188-205, July.
    16. Mohd Yasir Arafat & Javed Ali & Amit Kumar Dwivedi & Imran Saleem, 2020. "Social and Cognitive Aspects of Women Entrepreneurs: Evidence from India," Vikalpa: The Journal for Decision Makers, , vol. 45(4), pages 223-239, December.
    17. Ivano Dileo & Thaís García Pereiro, 2019. "Assessing the impact of individual and context factors on the entrepreneurial process. A cross-country multilevel approach," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1393-1441, December.
    18. Uwe Cantner & James A. Cunningham & Erik E. Lehmann & Matthias Menter, 2021. "Entrepreneurial ecosystems: a dynamic lifecycle model," Small Business Economics, Springer, vol. 57(1), pages 407-423, June.
    19. Aparicio, Sebastian & Urbano, David & Stenholm, Pekka, 2021. "Attracting the entrepreneurial potential: A multilevel institutional approach," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    20. Michael Stuetzer & Martin Obschonka & Udo Brixy & Rolf Sternberg & Uwe Cantner, 2014. "Regional characteristics, opportunity perception and entrepreneurial activities," Small Business Economics, Springer, vol. 42(2), pages 221-244, February.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • 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)

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:egu:wpaper:1920. 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: the person in charge The email address of this maintainer does not seem to be valid anymore. Please ask the person in charge to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/deguunl.html .

    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.