57 Pages Posted: 27 Aug 2010
Date Written: August 27, 2010
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.
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
Suggested Citation: Suggested Citation
Shachmurove, Emanuel and Shachmurove, Yochanan, Location, Location, Location: Entrepreneurial Finance Meets Economic Geography (August 27, 2010). PIER Working Paper No. 10-030. Available at SSRN: https://ssrn.com/abstract=1666819 or http://dx.doi.org/10.2139/ssrn.1666819