Spatial concentration of industries and new firm exits: does this relationship differ between exits by closure and by M&A?, Regional Studies. This study shows that the effect of the spatial concentration of industries on the post-entry hazards of new firms differs by type of exit, and by industry. New firms located in regions with a higher relative concentration of firms in the same industry are less likely to exit by closing activities and more likely to exit by mergers and acquisitions (M&As). While localization economies that favour new firms' survival or a potentially successful exit through M&As are dominant in manufacturing, new firms in business services also experience increasing competition from new entrants that lowers the likelihood of survival and exit through M&As.
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- Management - Professor
- Strategy & Organisation
- Bath Centre for Healthcare Innovation and Improvement
- Centre for Research in Entrepreneurship and Innovation at Bath - Co-Director
Person: Research & Teaching