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100 _aSohns, Franziska
_957716
245 _aImpact of Brexit on London’s entrepreneurial ecosystem:
_bcase of the FinTech industry/
260 _bSage,
_c2020.
300 _aVol. 52, Issue 8, 2020 ( 1539–1559 p.)
520 _aThis paper analyses how different entrepreneurial actors respond to political uncertainty and changing institutional settings. Moreover, it discusses the impact of those actor-level responses on the resilience of entrepreneurial ecosystems (EEs), focusing on how they affect the diversity of and the connectivity among its actors. To address these questions, the paper examines how the decision of the United Kingdom to leave the European Union has influenced the financial technology (FinTech) industry in London, applying data collected from in-depth interviews, covering different groups of stakeholders in London’s FinTech industry, such as angel investors, banks, legal advisers, lobby organizations and private companies. Our results show that political uncertainty and the prospect of institutional change can trigger actor-level responses, which have the potential to modify the diversity as well as the local and non-local connectivity of an EE. Moreover, we demonstrate that the nature of strategic responses of entrepreneurial actors varies significantly, depending on their firms’ characteristics, such as age, size, product specialization and the structure of their egocentric networks. With regard to the latter, our results show that anchor firms play an important role in other firms’ egocentric networks and have the power to shape their strategic responses.
700 _aWojcik, Dariusz
_957710
773 0 _08877
_917103
_dLondon Pion Ltd. 2010
_tEnvironment and planning A
_x1472-3409
856 _uhttps://doi.org/10.1177/0308518X20925820
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_cEJR
999 _c14582
_d14582