DRUID is associated with the journal Industry and Innovation, published by Routledge. Industry and Innovation is an international refereed journal presenting high-quality original scholarship of the dynamics of industries and innovation. Interdisciplinary in nature, Industry and Innovation is informed by, and contributes in turn to, advancing the theoretical frontier within economics, management, sociology, and economic geography. Currently in its 22nd year and with 8 annual issues, Industry and Innovation's 2014 5-year impact factor in Thomson Reuters' Social Science Citation Index was 1.094.
What is DRUID
Oct 1 - 2007
Home sweet home: Social capital and location choice
We argue that social capital places strong constraints on an entrepreneur's ability to found a firm in a region in which he or she does not have connections. We examine this thesis using comprehensive data on the Danish population and find evidence broadly consistent with this claim. Entrepreneurs tend to open businesses in regions in which they have deep roots (`home' regions). We further find that their ventures perform better (survive longer) when they locate in these home regions. The value of social capital moreover appears substantial, similar in magnitude to the value of having prior experience in the industry entered (i.e. human capital).
The paper can be found here.
Location: Copenhagen Business School
Kilen, Kilevej 14A, K 3.41