Regional incidence and persistence of high-growth firms: testing ideas from the entrepreneurial ecosystems literature
检验了创业生态系统文献中关于发达地区高增长企业发生率更高且更持久的假设,发现发生率与发达程度无关,但发生率具有持续性,且持续性不随发达程度或企业分布增强。
Policymakers and scholars often assume that a higher incidence of high-growth firms (HGFs) is synonymous with vibrant regional economic dynamics, and that HGF shares are persistent over time as entrepreneurial ecosystems (EEs) have slowly changing features. In this paper we test these hypotheses, which are deeply rooted in the EE literature. Results do not provide strong support for the hypothesis that more developed regions feature higher HGF shares. We do find evidence consistent with HGF shares displaying persistency over time. However, we show that more developed regions do not have higher persistence in their HGF shares, and that the strength in persistence does not increase across the HGFs distribution, which does not support path-dependency as the main mechanism behind the observed persistence. Overall, we call for a more nuanced interpretation of both regional HGF shares and the EEs literature.