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The path extending firms (type D) are recognised as the supporting beam of regional industry, in which imitation and Kirznerian entrepreneurship play an important role.
This is a physical distance but it can also be interpreted as a non-wage job characteristic offered by the firms (type of contract, full or part-time, etc)., firm characteristics themselves (size, environmental, or social policies, etc)., or informational frictions.
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In order to control possible changes in management styles etc. we also added firms types as dummy variables to the analyses3.
Please include your firm name, firm type (i.e., LBO, VC, I-bank, etc).
The company switched gears quickly, and it now allows advisers to change the description of their firm type and correct the assets under management figure at no charge.
To populate its adviser pages, BrightScope used government filings and industry sites to gather data on things like firm type, complaints and the amount of assets the adviser has under management.
Firm type D is the least challenging entrepreneurial firm.
Firm type C is another moderate type of firm, as it lacks innovation novelty.
Finally, we also added firm type dummy variables to the model in order to control for firm type time invariant factors in our analyses.
Based on this, firm type C can potentially stimulate path renewal as an indirect effect.
Firm type A, however, has both high growth intentions and innovation novelty at a regional level.
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CEO of Professional Science Editing for Scientists @ prosciediting.com