Scholarly Commons @ Case Western Reserve University
Abstract
This study was designed to investigate what potential factors affect high-technology entrepreneurial activity (HTEA) on a regional basis. The fifty largest Metropolitan Statistical Areas (MSAs) in the United States in 2005 were examined. The total population covered by these MSAs was 156.1 million of a total United States population of 288.4 million or 54 percent of the entire country. The study is operationalized as a multivariate regression where the dependent variable of HTEA is measured as the per capita amount of high-tech jobs in the region. There are four major independent variables analyzed in the study: financial capital, human capital, intellectual capital, and quality of life. This research implies that, on a regional basis, per capita venture capital, the percentage of the civilian employed population sixteen years and older in management positions, and the quality of life (QOL) scores have a predictive value on HTEA
