MIOIR Seminar Series - Local Business Networks and New Firm Formation
| Dates: | 3 February 2025 |
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| Times: | 15:30 - 16:30 |
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| What is it: | Seminar |
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| Organiser: | Alliance Manchester Business School |
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| Who is it for: | University staff, External researchers, Alumni, Current University students, General public |
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Local Business Networks and New Firm Formation
Hanna Hottenrott, Professor of Innovation Economics at the Technical University of Munich (TUM), will discuss how local business networks influence new firm formation, entrepreneurial entry, and firm performance in regional economies.
New business formation is a key driver of regional transformation and development. While we know that a region’s attractiveness for new businesses depends on its resources, infrastructure, and human capital, we know little about the role of local business networks in promoting or impeding the birth of new firms. We construct local business networks connecting more than 350 million nodes consisting of managers, owners and firms using data on all German businesses from 2002 to 2020. Differentiating between firms founded by serial and de-novo entrepreneurs and different network measures (average degree and transitivity of the largest component), we show that the connectedness between actors within a regions matters for firm entry and individual firm performance. First, we show a positive but diminishing relationship between a region’s connectedness and firm entry by serial entrepreneurs and a negative (but diminishing) link between the presence of a dominant component and de-novo entry. Networks are also linked to individual firm performance with similar patterns for de-novo and serial entrepreneurship for entry size and growth. For survival, we find different patterns depending on the network type and measure of connectedness.
About Hanna Hottenrott:
Hanna Hottenrott is Professor of Innovation Economics at the Technical University of Munich (TUM). Since 2023, she is also heading the Research Department for Innovation Economics and Industrial Dynamics at the Leibniz Centre for European Economic Research (ZEW). Hanna Hottenrott's research and teaching activities focus on topics in the areas of innovation and industrial economics as well as science and technology research. Before joining TUM in 2016, she was an Assistant Professor of Industrial Economics at the Institute for Competition Economics (DICE) at Heinrich Heine University Düsseldorf. She holds a doctoral degree from KU Leuven in Belgium and an undergraduate degree from the University of Heidelberg.
About the Seminar:
Hosted by Manchester Institute of Innovation Research, these seminars feature visiting speakers on science, technology, and innovation policy. This event is in person for AMBS and UoM staff and students, with an online option available. Please feel free to share this invitation with your internal networks.
External participants are welcome to join online via Zoom, register via Eventbrite: https://www.eventbrite.co.uk/e/mioir-seminar-series-with-prof-hanna-hottenrott-tickets-1143996717979
Travel and Contact Information
Find event
9.041 (Online option available)
Aliiance Manchester Business School
Booth Street West
Manchester
