This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated...

Industrialization has long been seen as the answer to underdevelopment and poverty. First this led countries to follow protectionist import substitution policies but as these failed developing countries have opened up to trade and FDI and tried to follow strategies of export driven...

The purpose of this paper is to integrate what has recently been learned about the location of innovative activity. There is considerable evidence that R&D spillovers exist, and that they are geographically bounded. The extent to which such knowledge externalities exist as well as the cost of...

The benefits of family ownership and control of firms are at the center of the family firm debate. Previous studies have used either family ownership or management as proxies for control. Both indicators are off the mark, as they do not measure decision control as intended by the theory of the...

This study examines the impact of regional competitiveness on the innovative activity of entrepreneurial firms. Based on a unique and hand collected data set of publicly listed high technology start-ups and university regions, this paper tests how regional competitiveness and university...