With systemic change in Central East European countries (CEECs), foreign direct investment (FDI) became an important factor for the transition economies. FDI not only played a leading role in privatisation in most transition countries. FDI is also widely assumed to spur restructuring in terms of...

We investigate whether the supply of venture capital (VC) is driven by spatial proximity between a VC company and the portfolio firm. Our analysis is based on information about VC investments in Germany between 2004 and 2009. We find that possible problems caused by the geographic distance to a...

This paper reviews the current state of knowledge about the effect of new business formation on regional development. After a brief sketch of the origins of research on this issue, the main results of different lines of inquiry are discussed. Main issues are the development of start-up cohorts,...

This paper reviews the current state of knowledge about the effect of new business formation on regional development. After a brief sketch of the origins of research on this issue, the main results of different lines of inquiry are discussed. Main issues are the development of start-up cohorts,...

Die wesentlichen Grundlagen für regionale Innovationsprozesse sind das vorhandene Wissen sowie die Fähigkeit, neues Wissen aufzunehmen und es kommerziell zu nutzen. Dabei kommt den Kooperationsbeziehungen und der Einbindung in überregionale Netzwerke große Bedeutung zu. Für die...

This article discusses the concept of entrepreneurial ecosystems. In particular, three propositions are made for further development of the concept. First, it is argued that entrepreneurial ecosystems should be regarded a part of the regional innovation system. Second, the scope of the concept...