Unravelling the effects of Science Parks on the innovation performance of NTBFs

Unravelling the effects of Science Parks on the innovation performance of NTBFs In spite of the extensive presence of Science Parks in developed countries, it is still unclear whether they have been successful in fostering the innovation performance of new technology-based firms (NTBFs). The aim of this paper is to help answer exactly this question. Using an unbalanced panel of 7691 observations associated with 1933 Spanish NTBFs (2007–2013), located both on-park and off-park, our empirical results show no evidence of a direct relationship between being located on a Science Park and the innovation performance of the NTBFs. However, our findings reveal that Science Parks play a positive selection role by attracting NTBFs with high technological capabilities (indirect effect). Moreover, our results also indicate that the decision to locate in a Science Park may enhance the innovation performance of NTBFs that collaborate and jointly export (moderating effect). This paper provides new explanations that help provide a better understanding of the effects of Science Parks on innovation performance and also outlines several practical implications. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Technology Transfer Springer Journals

Unravelling the effects of Science Parks on the innovation performance of NTBFs

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Publisher
Springer Journals
Copyright
Copyright © 2017 by Springer Science+Business Media New York
Subject
Business and Management; Business and Management, general; Innovation/Technology Management; Industrial Organization; Management; Commercial Law; Economic Growth
ISSN
0892-9912
eISSN
1573-7047
D.O.I.
10.1007/s10961-017-9559-y
Publisher site
See Article on Publisher Site

Abstract

In spite of the extensive presence of Science Parks in developed countries, it is still unclear whether they have been successful in fostering the innovation performance of new technology-based firms (NTBFs). The aim of this paper is to help answer exactly this question. Using an unbalanced panel of 7691 observations associated with 1933 Spanish NTBFs (2007–2013), located both on-park and off-park, our empirical results show no evidence of a direct relationship between being located on a Science Park and the innovation performance of the NTBFs. However, our findings reveal that Science Parks play a positive selection role by attracting NTBFs with high technological capabilities (indirect effect). Moreover, our results also indicate that the decision to locate in a Science Park may enhance the innovation performance of NTBFs that collaborate and jointly export (moderating effect). This paper provides new explanations that help provide a better understanding of the effects of Science Parks on innovation performance and also outlines several practical implications.

Journal

The Journal of Technology TransferSpringer Journals

Published: Feb 3, 2017

References

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