Abstract
Research into entrepreneurship has gradually changed its perspective over recent decades, becoming a very relevant research topic. In the last few years, various lines of research have been developed to find new explanatory factors of entrepreneurial propensity in specific socioeconomic and institutional contexts, among which we can highlight local territorial agglomerations. The main objective of the study is to offer new knowledge about the factors that influence the entrepreneurial capacity of food and beverage clusters using different secondary sources. To reach this objective, we analyze how the degree of agglomeration, institutional thickness, and knowledge affects new companies created in the last five years within the 37 food and beverage clusters in Spain. Multiple regression results show that company agglomeration and the presence of supporting institutions positively influence entrepreneurial capacity in these clusters. However, available knowledge has a negative influence on entrepreneurial capacity in these specialized environments.
Highlights
This work links some of the most important aspects in business management and regional science, such as entrepreneurship, institutions, and knowledge developed in highly specialized productive contexts such as industrial districts or clusters
We focus on agglomeration economies to explain differences in cluster entrepreneurship
We have focused on the food and beverage industry because it is the largest industrial sector in Spain in terms of turnover (113,593 million euros), gross value added (2.5% of GDP), gross domestic product (15.5% of GDP), and job creation [28]; besides, it is traditionally characterized by companies in clusters
Summary
This work links some of the most important aspects in business management and regional science, such as entrepreneurship, institutions, and knowledge developed in highly specialized productive contexts such as industrial districts or clusters. Throughout history, entrepreneurship has played an essential role in economic development at different levels (national, regional, and local), both in advanced and developing economies [1]. This is essentially because companies are a source of wealth, employment, resources, and innovation [2,3]. Apart from entrepreneurs, institutions are essential for the generation of environments conducive to entrepreneurship [5], while knowledge is an essential factor and the most important strategic resource that companies have [6,7,8]. The level of regional economic development is often argued to have a large influence on the rate of entrepreneurship [10,11]
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