Location, Location, Location: Entrepreneurial Finance Meets Economic Geography
City University of New York, CUNY City College of New York - Department of Economics; The University of Pennsylvania - Department of Economics
August 27, 2010
PIER Working Paper No. 10-030
Economic Geography maintains that economic activities are not randomly distributed across space. This paper examines the impact of industrial and regional characteristics on venture capital activities in the United States from 1995 until 2009. The unique database allows for stratifications into seventeen industries within nineteen regions of the United States. This study affirms the significance of both location and industry in venture capital investment. Both statistical and graphical methods are employed in order to better ascertain the dynamic nature of the data.
Number of Pages in PDF File: 57
Keywords: Venture Capital, Economic Geography, Location, Biotechnology, Business Products and Services, Computers and Peripherals, Consumer Products and Services, Electronics and Instrumentation, Financial Services, Healthcare Services, Industrial and Energy, Information Technology Services, Media and Enterta
JEL Classification: C12, D81, D92, E22, E12, G24, G3, M13, M21, O16, O3
Date posted: August 27, 2010
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