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Entrepreneurial ecosystems and the persistence of regional high-growth firm shares: A reply to van Dijk, Leendertse, Stam, and van Rijnsoever (2025)

Alex Coad, Stjepan Srhoj

Research Policy · 2025 · Volume 54 · Issue 10

DOI: 10.1016/j.respol.2025.105325

Abstract

van Dijk et al. (2025) attempt to replicate our previous study. Major problems are discussed. First, their replication (in Study 1) uses three datasets, but none of the three are suitable for the task. Second, there is confusion about the time period covered by the data, and confusion about whether growth is measured over three years or two years. Third, ideally, the replication should use an indicator that has the same denominator, and also the same numerator. Fourth, the proposed indicator of persistence in Study 2 seems incapable of distinguishing between cases of positive persistence and negative persistence, which is of course a fundamental requirement of a persistence indicator. To summarize, we refer the reader instead to our own recently-published replication on 20 EU countries, that finds different results.

Keywords

Denominator, Entrepreneurial ecosystems, High-growth firms, Persistence, Positive autocorrelation, Replication

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