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101.
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The Development of Geographical Specialization of Venture Capital   总被引:2,自引:0,他引:2  
Many regions have realized that access to capital is an important prerequisite for establishment and growth of businesses, and have therefore focused policies to ensure an adequate supply of risk capital. The growth of the venture capital industry in the 1990s put pressure on venture capital firms (VCFs) to act more strategically. Many VCFs have thus specialized along one or more dimensions: certain industries, stages of development of the firm, or geographical areas. A theoretical dichotomy is developed in this paper to explain regionally focused venture capital. A competence-based theoretical view sees increased competition in the industry as promoting the growth of geographical specialization, while, according to financial theory, it would lead to diversification in order to spread risk. The empirical analysis illustrates the development in the average distance between VCFs and their Danish portfolio firms. All venture capital investments are included. Findings suggest that the process of geographical specialization follows an inverted V-shaped curve. This is interpreted in light of the developments in competition and in the competencies in the market. VCFs search broadly for investment opportunities in the first phase of the emergence of the venture capital industry, but when competition increases they tend to confine themselves to investments within a closer geographical distance. The implications of these findings are important both for funds-of-funds, regional governments, and VCFs.  相似文献   
103.
This paper considers the importance of walking for many children and young people's everyday lives, experiences and friendships. Drawing upon research with 175 9- to 16-year-olds living in new urban developments in south-east England, we highlight key characteristics of (daily, taken-for-granted, ostensibly aimless) walking practices, which were of constitutive importance in children and young people's friendships, communities and geographies. These practices were characteristically bounded, yet intense and circuitous. They were vivid, vital, loved, playful, social experiences yet also dismissed, with a shrug, as ‘just walking’. We argue that ‘everyday pedestrian practices’ (after Middleton 2010, 2011) like these require critical reflection upon chief social scientific theorisations of walking, particularly the large body of literature on children's independent mobility and the rich, multi-disciplinary line of work known as ‘new walking studies’. In arguing that these lines of work could be productively interrelated, we propound ‘just walking’—particularly the often-unremarked way it matters—as a kind of phenomenon which is sometimes done a disservice by chief lines of theory and practice in social and cultural geography.  相似文献   
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Most studies portray cluster knowledge bases as a given resource, tied to specific industries and locations. However, this paper challenges that view and uncovers their dynamic nature by identifying endogenous and exogenous triggering events that influence and change the cluster knowledge base mix over time. This is done by building on the theoretical concepts of pre-existing conditions, triggering events and knowledge bases and by drawing on a case study of the design cluster located in the Triangle Area of Denmark. The paper concludes that the design cluster has changed its mix of knowledge bases several times during its evolution. Starting out as a firm-driven cluster with a dominant synthetic knowledge base, it then evolved into an artistic and creative cluster with a prevailing symbolic knowledge base. In the last few years, the cluster has increasingly adopted an analytical knowledge base at the expense of other knowledge bases. These developments have caused numerous changes in both knowledge building and the sources of knowledge in and around the cluster. These findings have implications for the framing of cluster knowledge bases, considering how they emerge, change and combine, as well as how that affects clusters’ composition of actors, activities and resources.  相似文献   
105.
ABSTRACT

This special issue is devoted to studying mechanisms that may stimulate or hamper the renewal of existing industry paths and the growth of new paths. In this guest editorial, we look closely at the role of policy instruments in situations where the majority of regional industries are embedded in strong regional and/or national innovation systems. This theme is currently very relevant in (parts of) Norway, where the dominant oil sector is downsizing and new growth paths are required to maintain employment and welfare. The guest editorial presents a theoretical framework for new regional industrial path development, followed by a discussion on how two Norwegian policy tools contribute to new path development. The 10 articles of the special issue study different aspects of new regional industrial path development based on cases in Norway, Sweden and Spain. Some papers also discuss the role of policy in new path development. Based on the findings from these articles, we believe that new path development is fostered by policies that incorporate both actor-based and system-based elements. Such policy mix could provide a vital push towards new path development.  相似文献   
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Nahuatl represents a relatively recent extension of the Uto-Aztecan language family into Mesoamerica. Ethnohistorians have linked Nahuatl's arrival to the historically attested migrations of nomadic people into central Mexico in the last centuries before the Spanish Conquest. Archaeologists have tended to treat migration as an explanation for a change in material culture rather than a social question to be examined theoretically. We approach this migration through the comparison of multiple data sets and conclude that what has previously been treated as a historical event is instead part of a longer term process tying together Mesoamerica's northern periphery with its highland core. While we find that certain themes from migration theory are reflected in this preindustrial migration as well, other variables are unique and bode well for archaeology's ability to address and contribute to theoretical issues relating to migration.  相似文献   
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ABSTRACT

Participatory governance practices are enjoying popularity, not least in local government. This is driven by legislation that requires councils to undertake some of these processes; also by communities and practitioners – parties that derive income from participatory governance. An industry is emerging: one characterised by demand and supply, with frameworks, strategies and processes, training and conferences. This industry warrants investigation so that its impacts upon local democracy can be understood. Following a theorisation of local democracy and community engagement, the paper describes the community engagement industry, presenting evidence about council activities, providers and professional associations to establish that the commercialisation of engagement is a significant phenomenon in Australian local government. Possible risks to local governance and local democracy are explored.  相似文献   
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