Venture migration: a quest for a low-hanging fruit?

被引:11
作者
Anokhin, Sergey [1 ,2 ]
机构
[1] Kent State Univ, Kent, OH 44242 USA
[2] Voronezh State Univ, Voronezh 394693, Russia
关键词
venture migration; individual-opportunity nexus; arbitrage opportunities; tax rates; RESEARCH-AND-DEVELOPMENT; EMPIRICAL-ANALYSIS; FIRM RELOCATION; UNITED-STATES; ENTREPRENEURSHIP; OPPORTUNITIES; DETERMINANTS; INNOVATION; PERFORMANCE; CREATIVITY;
D O I
10.1080/08985626.2012.758316
中图分类号
F [经济];
学科分类号
02 ;
摘要
Venture migration, in addition to firm entry and exit, affects business stock in a region. This study draws on mainstream entrepreneurship and economic geography literatures to explore the factors explaining net venture migration. Using a data-set on 88 Ohio counties during 2000-2006, it suggests that venture migration is largely a quest for a low-hanging fruit. Relocating firms are drawn to areas with higher sales tax rates that give them access to interest-free financing, higher unemployment rates and better-qualified workforce as well as ample arbitrage opportunities. At the same time, innovative opportunities do not attract migrating ventures.
引用
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页码:423 / 445
页数:23
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