Whitman School of Management at Syracuse University
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Abstract Details

EXPANDING THE NOTION OF ENTREPRENEURSHIP CAPITAL IN AMERICAN COUNTIES: A PANEL DATA ANALYSIS 2002-07
Vol. Volume 17 Number 3 September/2012

ERICK PC CHANG,KAUSTAV MISRA & ESRA MEMILI
Entrepreneurship capital refers to the factors of a region that drives new businesses (Audretsch and Keilbach, 2004). This study considers industry growth and performance in manufacturing, retail and service as components of entrepreneurship capital to drive the long-term growth of new establishments. Using a panel data of 2,940 counties from 2002-2007, our results support the notion that the overall new venture activity is benefited by the industry growth and performance. Future research directions and practical implications are also discussed.

Keywords: Entrepreneurship capital, U.S. counties, new venture growth, industry growth