More from these Authors

• Article | Journal of Economic Geography | May 2013

  From Russia with Love: The Impact of Relocated Firms on Incumbent Survival

  Oliver Falck, Christina Guenther, Stephan Heblich and William R. Kerr

  We identify the impact of local firm concentration on incumbent performance with a quasi-natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions of these firms upon moving to western Germany were driven by non-economic factors and heuristics rather than existing industrial conditions. Relocating firms increased the likelihood of incumbent failure in destination regions, a pattern that differs sharply from new entrants. We further provide evidence that these effects are due to increased competition for local resources.

  Citation:

  Falck, Oliver, Christina Guenther, Stephan Heblich, and William R. Kerr. "From Russia with Love: The Impact of Relocated Firms on Incumbent Survival." Journal of Economic Geography 13, no. 3 (May 2013): 419–449.

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• Case | HBS Case Collection | 2013

  Getit

  Ramana Nanda

  Sidharth Gupta, CEO of Getit Infomediary Ltd, had just received a term sheet from Helion Venture Partners (Helion), one of India's independent venture capital firms, offering to invest Rs 200 million in return for an equity stake in the company. His dream of transforming Getit from a regional print company into a digital company with broad geographical reach was within grasp. However, Gupta had to act fast; Helion's term sheet would expire in a fortnight if unexecuted. Bank finance and trade credit had tided Getit through tough times in the past, and Getit still had a Rs 250 million bank line to draw on. Should he take the venture capital investment? And if so, what implications would this have for his family business and for him personally?

  Keywords: venture capital; publishing; media and publishing; entrepreneurial finance; Venture Capital; Media; Entrepreneurship; India;

  Citation:

  Nanda, Ramana. "Getit." Harvard Business School Case 813-178, May 2013.

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• Working Paper | HBS Working Paper Series | 2013

  Clusters of Entrepreneurship and Innovation

  Aaron K Chatterji, Edward Glaeser and William Kerr

  This paper reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United States. We discuss rationales for the agglomeration of these activities and the economic consequences of clusters. We identify and discuss policies that are being pursued in the United States to encourage local entrepreneurship and innovation. While arguments exist for and against policy support of entrepreneurial clusters, our understanding of what works and how it works is quite limited. The best path forward involves extensive experimentation and careful evaluation.

  Keywords: entrepreneurship; innovation; agglomeration; clusters; place making;

  Citation:

  Chatterji, Aaron K., Edward Glaeser, and William Kerr. "Clusters of Entrepreneurship and Innovation." Harvard Business School Working Paper, No. 13–090, April 2013. (NBER Working Paper Series, No. 19013, April 2013.)

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