The embedded entrepreneur

Using comprehensive data on the Danish population, this paper examines the determinants of entrepreneurs' choices of where to locate their new ventures. Our findings suggest that entrepreneurs place much more emphasis on being close to family and friends than on regional characteristics that mi...

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Bibliographic Details
Published in:European management review 2009-09, Vol.6 (3), p.172-181
Main Authors: Dahl, Michael S., Sorenson, Olav
Format: Article
Language:English
Subjects:
Decision making
Denmark
Economic performance
Employees
Employers
Entrepreneurs
Externality
Labour supply
location choice
Location of enterprises
migration
Organizational structure
Regional analysis
regional mobility
Site selection
Small and medium sized enterprises
social embeddedness
Social networks
spin-offs
Spinoffs
Strategic management
Studies
Western Europe
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Summary:Using comprehensive data on the Danish population, this paper examines the determinants of entrepreneurs' choices of where to locate their new ventures. Our findings suggest that entrepreneurs place much more emphasis on being close to family and friends than on regional characteristics that might influence the performance of their ventures when deciding where to locate those businesses. Two factors could explain our findings: On the one hand, entrepreneurs may simply value proximity to family and friends. On the other hand, these relationships may help them to assemble the assets and to recruit the personnel that they need to succeed in their ventures. Our results suggest that the former plays the greater role in entrepreneurs' location choices.
ISSN:1740-4754
1740-4762
DOI:10.1057/emr.2009.14