The entrepreneurial and replication function of new firm formation

摘要

New firm formation is commonly seen as a representation of the entrepreneurial capacity of a region. However, there is also a group of new firms that is based on the replication of existing business practices rather than on the entrepreneurial introduction of new practices. Both groups of founding types have a role in the explanation of regional economic development. This paper displays the spatial and industry patterns of two types of new firm formation representing each function: individual foundings and organisational foundings.