The knowledge spillover theory of entrepreneurship predicts that entrepreneurial activity is greater in regions with … more knowledge conditional on the commercialization efficiency of incumbents, which limits entrepreneurial discovery. We … extend the theory to contend that localized competition impedes entrepreneurial activity by reducing the incentive to exploit …

We explore if the Knowledge Spillover Theory of Entrepreneurship, applied to FDI, provides at least a partial … explanation for the greater emergence of recent knowledge-based entrepreneurship in Ireland compared with Wales. In order to … examine how FDI and entrepreneurship policy in these two regions might have influenced the levels of knowledge …