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THE ENTREPRENEURIAL AND REPLICATION FUNCTION OF NEW FIRM FORMATION
Author(s) -
KOSTER SIERDJAN
Publication year - 2007
Publication title -
tijdschrift voor economische en sociale geografie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 55
eISSN - 1467-9663
pISSN - 0040-747X
DOI - 10.1111/j.1467-9663.2007.00432.x
Subject(s) - replication (statistics) , function (biology) , representation (politics) , economic geography , business , industrial organization , economics , political science , biology , politics , evolutionary biology , law , virology
New firm formation is commonly seen as a representation of the entrepreneurial capacity of a region. However, there is also a group of new firms that is based on the replication of existing business practices rather than on the entrepreneurial introduction of new practices. Both groups of founding types have a role in the explanation of regional economic development. This paper displays the spatial and industry patterns of two types of new firm formation representing each function: individual foundings and organisational foundings.