000			01808naa a2200193uu 4500
001			0102015321537
003			OSt
005			20190211173831.0
008			101020s2003 xx ||||gr |0|| 0 eng d
100	1		_aSTUART, Toby E. _910412
245	1	0	_aLiquidity events and the geographic distribution of entrepreneurial activity
260			_aIthaca : _bJohnson Graduate School of Management, _cJune 2003
520	3		_aIn this paper, we examine the ecological consequences of initial public offerings (IPOs) and acquisitions, specifically how the spatial distribution of these events influences the location-specific founding rates of new companies. We explore whether relatively small spatial units (metropolitan statistical areas) in close geographic proximity to firms that recently have been acquired or experienced an IPO exhibit high new venture creation rates and whether the magnitudes of these effects depend on regional differences in statutes governing the freedom of employees to move between employers. Count models of biotechnology firm foundings establish three findings: (1) IPOs of organizations located contiguous to or within an MSA accelerate the founding rate within that MSA, (2) acquisitions of biotech firms situated near to or within an MSA accelerate the founding rate within the MSA, but only when the acquirer enters from outside of the biotech industry, and (3) the enforceability of post-employment non-compete covenants, which is determined at the state level, strongly moderates these effects
700	1		_aSORENSON, Olav _942782
773	0	8	_tAdministrative Science Quarterly _g48, 2, p. 175-201 _dIthaca : Johnson Graduate School of Management, June 2003 _xISSN 00018392 _w
942			_cS
998			_a20101020 _b1532^b _cDaiane
998			_a20101027 _b1641^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c36992 _d36992
041			_aeng