Firm Exits as a Determinant of New Entry: Is There Evidence of Local Creative Destruction?

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Formation of entrepreneurial intentions in a regional context (2013, unknown): “…capitalization and fewer perceived market risks are one of the main environmental conditions that encourage potential entrepreneurs in their early start-up phases, while Pe’er and Vertinsky (2008) suggest that less pressure on prices increases the attractiveness of regional entrepreneurship.”
Do serial entrepreneurs run successively better-performing businesses? (2013, background): “More generally, perspectives on the desirability of business survival, as well as private and public sector efforts designed to promote it (Pe'er and Vertinsky, 2008), might be informed by research which sheds light on the performance trajectories of serial entrepreneurs.”
The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship and Economic Growth (2007, unknown): “Arguing that failure attracts entrepreneurial entry through the release of resources into a local economy, Pe’er and Vertinsky (2007) make a case for a localized depiction of the process because of immobility of resources and lower search and transaction costs for local entrepreneurs.”