Person:
Díez Vial, Isabel

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First Name
Isabel
Last Name
Díez Vial
URI
https://hdl.handle.net/20.500.14352/74810
Affiliation
Universidad Complutense de Madrid
Faculty / Institute
Ciencias Económicas y Empresariales
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Area
Organización de Empresas
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Author: Fernández Olmos, Marta × Subject: M13 ×

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    The effect of science and technology parks on a firm’s performance: a dynamic approach over time
    (Journal of Evolutionary Economics, 2017) Díez Vial, Isabel; Fernández Olmos, Marta
    We argue that the benefits provided by locations inside science and technology parks evolve over time. Firms inside parks can improve performance due to certain advantages related to knowledge spillovers and shared resources that can be particularly useful in earlier stages of the industry life cycle. In these industries, local knowledge sharing is particularly useful because no standards are clearly established, as we have confirmed in a sample of 12,800 firms from the PITEC database, located either on- or off-park. We also find that young firms can benefit more from the park than more established businesses in terms of both business growth and innovative capacity. Although older firms have greater experience and investments that would increase their capacity to absorb external knowledge, their associated rigidities prevent them from incorporating changes into their structures.