Title
Agglomeration and embeddedness of Belgian biotech firms : the role of venture capitalAgglomeration and embeddedness of Belgian biotech firms : the role of venture capital
Author
Faculty/Department
Faculty of Applied Economics
Research group
Transport and Regional Economics
Publication type
conferenceObject
Publication
[*]
Subject
Economics
Source (book)
53rd ERSA congress : regional integration : Europe, the Mediterranean and the world economy, 27-31 August 2013, Palermo, Italy
1
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
The existing literature on cluster embeddedness largely neglects the impact of finance on the development of firms network linkages. This is striking in so far that particularly venture capital is often referred to as smart money providing firms not only with funds but also with network contacts. In order to answer to what extent venture capital impacts portfolio firms territorial and network embeddedness and whether the geographical location of the venture capitalist has an effect on start-ups local anchoring, we apply social network analysis [SNA] to data on venture capital flows. The empirical results retrieved deliver first evidences suggesting that investors exert an influence on the structural network position of their target firms.
Handle